Zeta Global (NYSE:ZETA) Earns Buy Rating from Truist Financial

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a research report issued on Tuesday,Benzinga reports. They currently have a $42.00 target price on the stock, up from their prior target price of $35.00. Truist Financial’s target price would suggest a potential upside of 136.89% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Needham & Company LLC lifted their price target on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Craig Hallum boosted their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their price target on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Buy” and a consensus price target of $40.23.

Zeta Global Trading Down 37.2 %

Shares of NYSE ZETA opened at $17.73 on Tuesday. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $28.90 and a 200-day simple moving average of $22.48. The stock has a market capitalization of $3.90 billion, a PE ratio of -25.33 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, equities analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC purchased a new stake in Zeta Global in the 3rd quarter valued at approximately $26,000. Quest Partners LLC raised its position in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the period. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd raised its position in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.