Zeta Global (NYSE:ZETA) Price Target Raised to $43.00

Zeta Global (NYSE:ZETA) had its price objective raised by Needham & Company LLC from $36.00 to $43.00 in a research note released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. KeyCorp started coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target on the stock. Barclays lowered Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a report on Friday, October 18th. Roth Mkm upped their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Canaccord Genuity Group lifted their target price on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Zeta Global Stock Down 2.1 %

Shares of NYSE:ZETA opened at $17.39 on Tuesday. The company has a market capitalization of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20. 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 business has a fifty day moving average price of $28.72 and a two-hundred day moving average price of $22.44.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) EPS. Analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently added to or reduced their stakes in ZETA. Allspring Global Investments Holdings LLC raised its holdings in shares of Zeta Global by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after acquiring an additional 3,295 shares in the last quarter. Swiss National Bank increased its position in shares of Zeta Global by 1.3% in the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. ProShare Advisors LLC lifted its position in Zeta Global by 9.7% during the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after purchasing an additional 2,236 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Zeta Global during the first quarter valued at approximately $153,000. Institutional investors 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.