Zeta Global (NYSE:ZETA) Price Target Raised to $28.00

Zeta Global (NYSE:ZETA) had its target price upped by Canaccord Genuity Group from $24.00 to $28.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

ZETA has been the topic of a number of other research reports. DA Davidson boosted their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley decreased their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. B. Riley lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Barclays boosted 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 report on Wednesday, November 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Stock Performance

NYSE ZETA opened at $22.38 on Wednesday. The business’s 50-day moving average price is $28.11 and its 200 day moving average price is $22.79. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The company has a market capitalization of $4.92 billion, a PE ratio of -31.97 and a beta of 1.29.

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). 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 previous year, the company earned ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. On average, research analysts predict that Zeta Global will post -0.16 earnings per share for the current year.

Insider Activity at Zeta Global

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Steinberg bought 53,676 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock worth $2,471,244 in the last ninety days. 25.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Zeta Global in the third quarter worth approximately $757,000. Invst LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth $959,000. Geode Capital Management LLC grew its holdings in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares during the last quarter. Barclays PLC raised its position in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of Zeta Global during the third quarter valued at $734,000. 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.