Barclays Forecasts Strong Price Appreciation for Zeta Global (NYSE:ZETA) Stock

Zeta Global (NYSE:ZETA) had its price objective hoisted by equities researchers at Barclays from $28.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 84.01% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Needham & Company LLC lifted their target price on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Roth Mkm upped their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. B. Riley lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, KeyCorp began coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.23.

Zeta Global Stock Performance

Zeta Global stock opened at $17.39 on Wednesday. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The stock has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $22.44. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its 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). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JAT Capital Mgmt LP acquired a new stake in shares of Zeta Global during the third quarter worth about $2,520,000. Summit Partners Public Asset Management LLC increased its stake in Zeta Global by 210.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. FORA Capital LLC bought a new stake in Zeta Global during the 3rd quarter worth approximately $2,804,000. MetLife Investment Management LLC raised its holdings in Zeta Global by 7.4% during the 3rd quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock worth $3,052,000 after buying an additional 7,083 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Zeta Global by 29.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock valued at $16,810,000 after buying an additional 126,531 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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.