Zeta Global (NYSE:ZETA) PT Raised to $35.00

Zeta Global (NYSE:ZETA) had its price objective upped by stock analysts at Canaccord Genuity Group from $30.00 to $35.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 3.40% from the stock’s previous close.

ZETA has been the subject of several other reports. Bank of America upped 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. Barclays raised their price objective on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. DA Davidson boosted their target price on Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial restated a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Zeta Global in a report on Wednesday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $35.00.

Zeta Global Price Performance

Shares of ZETA traded up $2.01 during trading hours on Wednesday, hitting $33.85. 2,745,030 shares of the company were exchanged, compared to its average volume of 2,390,927. The company has a market cap of $7.45 billion, a price-to-earnings ratio of -31.93 and a beta of 1.27. The firm’s fifty day moving average is $26.25 and its 200 day moving average is $19.32. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $34.14. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the business earned ($0.32) earnings per share. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts anticipate that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares during the period. Granahan Investment Management LLC grew its holdings in Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the period. Clearbridge Investments LLC grew its holdings in Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after acquiring an additional 77,962 shares during the period. Ophir Asset Management Pty Ltd bought a new position in shares of Zeta Global in the 4th quarter worth about $19,682,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the period. 75.82% of the stock is currently owned by institutional investors.

About Zeta Global

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.