B. Riley Raises Zeta Global (NASDAQ:ZETA) Price Target to $18.50

Zeta Global (NASDAQ:ZETA) had its price objective upped by B. Riley from $15.50 to $18.50 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Oppenheimer increased their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research note on Tuesday. TheStreet raised Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. William Blair reissued an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. DA Davidson increased their price objective on Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Needham & Company LLC increased their price objective on Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

ZETA stock opened at $15.37 on Tuesday. The stock’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $9.77. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) EPS. Equities research analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the business. Insight Wealth Strategies LLC bought a new position in Zeta Global during the fourth quarter valued at $922,000. Legato Capital Management LLC bought a new position in Zeta Global during the fourth quarter valued at $929,000. Vanguard Group Inc. grew its holdings in Zeta Global by 6.6% during the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after purchasing an additional 991,678 shares during the period. Blue Trust Inc. grew its holdings in Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Zeta Global by 97.2% during the third quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock valued at $5,541,000 after purchasing an additional 327,100 shares during the period. 75.82% of the stock is owned by institutional investors.

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.