Zeta Global (NASDAQ:ZETA) Given New $33.00 Price Target at Needham & Company LLC

Zeta Global (NASDAQ:ZETA) had its target price boosted by Needham & Company LLC from $28.00 to $33.00 in a research report report published on Monday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of Zeta Global from $23.00 to $29.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Craig Hallum upped their price target on Zeta Global from $32.00 to $35.00 and gave the company a buy rating in a research report on Friday. Oppenheimer lifted their price objective on Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Roth Mkm upped their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a report on Tuesday, May 21st. Finally, Truist Financial reiterated a buy rating and issued a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $28.83.

Zeta Global Stock Performance

Shares of ZETA opened at $25.72 on Monday. The stock has a 50 day moving average of $22.16 and a 200 day moving average of $16.61. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -24.26 and a beta of 1.26. Zeta Global has a 12 month low of $7.38 and a 12 month high of $27.39. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share. As a group, sell-side analysts forecast that Zeta Global will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after acquiring an additional 431,077 shares during the last quarter. Granahan Investment Management LLC grew its stake in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after buying an additional 5,806,578 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after buying an additional 77,962 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of Zeta Global during the 4th quarter worth $23,560,000. 75.82% of the stock is currently owned by hedge funds and other 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.