Zeta Global (NASDAQ:ZETA) Given New $18.00 Price Target at Barclays

Zeta Global (NASDAQ:ZETA) had its target price increased by Barclays from $15.00 to $18.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Oppenheimer increased their target price on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research report on Tuesday. Needham & Company LLC increased their target price on Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a research report on Tuesday. Roth Mkm reaffirmed a buy rating and issued a $21.00 target price on shares of Zeta Global in a research report on Tuesday. Morgan Stanley raised Zeta Global from an equal weight rating to an overweight rating and increased their target price for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Finally, Canaccord Genuity Group raised their price target on Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and an average target price of $18.75.

Zeta Global Stock Up 18.2 %

Shares of ZETA opened at $15.37 on Tuesday. The business’s fifty day moving average price is $11.33 and its 200 day moving average price is $9.77. Zeta Global has a 12-month low of $7.24 and a 12-month high of $15.90. 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 (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share 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 firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. During the same period last year, the company earned ($0.38) earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. Research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Insight Wealth Strategies LLC acquired a new position in Zeta Global during the fourth quarter worth about $922,000. Legato Capital Management LLC acquired a new position in Zeta Global during the fourth quarter worth about $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 worth $132,895,000 after acquiring 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 worth $92,000 after acquiring 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 worth $5,541,000 after acquiring an additional 327,100 shares during the period. 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.