Zeta Global (NYSE:ZETA) Price Target Raised to $42.00

Zeta Global (NYSE:ZETA) had its price target hoisted by Canaccord Genuity Group from $35.00 to $42.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Needham & Company LLC upped their price objective on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday. Craig Hallum raised their price objective on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. DA Davidson upped their target price on shares of Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer lifted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.23.

Zeta Global Stock Down 2.1 %

Shares of ZETA opened at $17.39 on Tuesday. The stock has a 50 day moving average price of $28.72 and a 200 day moving average price of $22.44. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. Zeta Global has a one year low of $7.65 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) EPS. Equities research analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC grew its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd increased its stake in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. Hedge funds and other 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.