Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, DA Davidson Analyst Says

Zeta Global (NYSE:ZETA) had its price objective lifted by investment analysts at DA Davidson from $39.00 to $42.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 136.89% from the stock’s previous close.

Several other research analysts have also recently commented on ZETA. Craig Hallum boosted their price target on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Needham & Company LLC increased their target price on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Bank of America upped their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $40.23.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $17.73 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company’s fifty day moving average price is $28.90 and its 200 day moving average price is $22.48. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20. The firm has a market capitalization of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business 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 firm earned ($0.27) earnings per share. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. As a group, sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global in the third quarter worth about $26,000. Quest Partners LLC grew its stake in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd raised its holdings in 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 purchasing an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the period. 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.