Zeta Global (NYSE:ZETA) Price Target Raised to $42.00

Zeta Global (NYSE:ZETA) had its price objective boosted by Oppenheimer from $33.00 to $42.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently weighed in on ZETA. Needham & Company LLC upped their price target on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson boosted their target price on shares of Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. KeyCorp started coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, B. Riley increased their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Zeta Global Stock Down 2.1 %

ZETA opened at $17.39 on Tuesday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s fifty day moving average is $28.72 and its 200 day moving average is $22.44. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20.

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

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter valued at $26,000. Quest Partners LLC boosted its stake in Zeta Global by 1,718.9% during the second 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 increased its position in 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 acquiring an additional 1,360 shares during the last quarter. Covestor Ltd raised its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 1,136 shares during the last quarter. 75.82% of the stock is owned by institutional investors.

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.