Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.00 at Needham & Company LLC

Zeta Global (NASDAQ:ZETA) had its price target upped by Needham & Company LLC from $13.00 to $18.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and increased their target price for the company from $12.00 to $17.00 in a report on Thursday, April 4th. Bank of America boosted their price target on Zeta Global from $15.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. Oppenheimer raised their price objective on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday. Finally, DA Davidson began coverage on Zeta Global in a research report on Wednesday, April 3rd. They set a buy rating and a $15.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global currently has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Stock Up 18.2 %

NASDAQ ZETA opened at $15.37 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. Zeta Global has a 52-week low of $7.24 and a 52-week high of $15.90. The firm has a 50-day moving average price of $11.33 and a 200 day moving average price of $9.77.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $187.16 million. During the same period in the prior year, the business posted ($0.38) EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after purchasing an additional 370,912 shares during the last quarter. Granahan Investment Management LLC lifted its stake in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares during the period. Praesidium Investment Management Company LLC lifted its stake in shares of Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after buying an additional 5,806,578 shares during the period. Capital World Investors acquired a new stake in Zeta Global during the fourth quarter worth approximately $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new stake in Zeta Global in the 4th quarter worth approximately $19,682,000. 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.