Morgan Stanley Increases Zeta Global (NYSE:ZETA) Price Target to $41.00

Zeta Global (NYSE:ZETA) had its price target boosted by equities researchers at Morgan Stanley from $30.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 135.77% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a report on Friday, October 18th. Oppenheimer boosted their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. KeyCorp assumed coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target for the company. Finally, Truist Financial reissued a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday. Three research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.23.

Zeta Global Stock Down 2.1 %

ZETA stock opened at $17.39 on Wednesday. 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 firm has a 50-day moving average of $28.72 and a two-hundred day moving average of $22.44. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its earnings results 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 during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the business earned ($0.27) earnings per share. As a group, analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC purchased a new stake in shares of Zeta Global during the 3rd quarter worth $769,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of Zeta Global by 142.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after purchasing an additional 44,596 shares during the period. Stephens Inc. AR purchased a new stake in Zeta Global during the third quarter worth about $1,634,000. Stephens Investment Management Group LLC acquired a new position in Zeta Global during the third quarter worth about $7,676,000. Finally, Russell Investments Group Ltd. increased its holdings 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 buying an additional 276,294 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

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.