Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Craig Hallum Analyst Says

Zeta Global (NYSE:ZETA) had its price target hoisted by Craig Hallum from $37.00 to $45.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 153.81% from the company’s current price.

A number of other brokerages also recently issued reports on ZETA. DA Davidson lifted their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Barclays downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a report on Friday, October 18th. Needham & Company LLC lifted their price target on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Finally, Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $40.23.

Zeta Global Trading Down 37.2 %

ZETA opened at $17.73 on Tuesday. The stock’s fifty day moving average is $28.90 and its two-hundred day moving average is $22.48. The company has a market capitalization of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) 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 company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the business posted ($0.27) earnings per share. The company’s revenue was up 42.0% compared to the same quarter last year. Analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new stake in Zeta Global during the 3rd quarter worth about $769,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Zeta Global by 142.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after buying an additional 44,596 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Zeta Global during the 3rd quarter valued at about $1,634,000. Stephens Investment Management Group LLC purchased a new position in shares of Zeta Global during the 3rd quarter valued at about $7,676,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Zeta Global by 99.3% during the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after buying an additional 276,294 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Company Profile

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.