Canaccord Genuity Group Boosts Zeta Global (NASDAQ:ZETA) Price Target to $17.00

Zeta Global (NASDAQ:ZETA) had its price target upped by Canaccord Genuity Group from $13.00 to $17.00 in a report issued on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

ZETA has been the subject of a number of other reports. Needham & Company LLC upped their price objective on shares of Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. DA Davidson increased their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research note on Tuesday. Bank of America lifted their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a report on Tuesday. Oppenheimer upped their target price on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday. Finally, Barclays lifted their price target on Zeta Global from $14.00 to $15.00 and gave the company an overweight rating in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Zeta Global presently has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

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

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same period last year, the business posted ($0.38) EPS. Zeta Global’s quarterly revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZETA. Halpern Financial Inc. boosted its holdings in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares in the last quarter. Optas LLC purchased a new position in shares of Zeta Global in the 4th quarter valued at approximately $88,000. Blue Trust Inc. boosted its stake in Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after purchasing an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Zeta Global during the 4th quarter worth approximately $100,000. Finally, SlateStone Wealth LLC acquired a new position in Zeta Global during the 1st quarter valued at approximately $135,000. 75.82% of the stock is owned by institutional investors and hedge funds.

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.