Zeta Global (NYSE:ZETA) Receives “Outperform” Rating from Royal Bank of Canada

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a note issued to investors on Wednesday, Benzinga reports. They currently have a $34.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 1.77% from the company’s previous close.

A number of other research analysts have also issued reports on ZETA. Craig Hallum boosted their price target on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Canaccord Genuity Group lifted their price target on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, B. Riley raised their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $34.25.

Zeta Global Stock Performance

Shares of NYSE ZETA traded up $1.57 during midday trading on Wednesday, reaching $33.41. 1,999,173 shares of the company were exchanged, compared to its average volume of 2,387,102. The stock has a fifty day simple moving average of $26.25 and a 200 day simple moving average of $19.32. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market cap of $7.35 billion, a P/E ratio of -31.52 and a beta of 1.27. Zeta Global has a 1 year low of $7.38 and a 1 year high of $33.71.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The firm had revenue of $227.80 million during 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 business’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. On average, research analysts forecast that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in ZETA. Halpern Financial Inc. lifted its holdings in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Amalgamated Bank lifted its stake in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares in the last quarter. Counterpoint Mutual Funds LLC grew its holdings in Zeta Global by 9.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after buying an additional 1,065 shares during the last quarter. Essex Investment Management Co. LLC increased its position in Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after buying an additional 1,233 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Zeta Global by 4.6% in the second quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after acquiring an additional 1,980 shares during 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.