Morgan Stanley Cuts Zeta Global (NYSE:ZETA) Price Target to $26.00

Zeta Global (NYSE:ZETA) had its price objective reduced by Morgan Stanley from $41.00 to $26.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently weighed in on ZETA. Needham & Company LLC increased their price target on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Barclays increased their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Truist Financial reissued a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Roth Mkm increased their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Trading Up 1.2 %

Shares of ZETA opened at $17.58 on Friday. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $28.57 and a 200 day moving average price of $22.62. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The firm has a market capitalization of $3.87 billion, a P/E ratio of -25.11 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its quarterly 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the business earned ($0.27) EPS. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. Sell-side analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter worth about $26,000. Quest Partners LLC raised its position in shares of 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 acquiring an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd boosted its holdings 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 in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in 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 purchasing 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.