Zeta Global (NASDAQ:ZETA) Price Target Raised to $19.00

Zeta Global (NASDAQ:ZETA) had its price objective boosted by DA Davidson from $15.00 to $19.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. TheStreet upgraded Zeta Global from a d+ rating to a c- rating in a research report on Tuesday, January 30th. Barclays increased their price target on Zeta Global from $14.00 to $15.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Needham & Company LLC increased their price target on Zeta Global from $13.00 to $18.00 and gave the company a buy rating in a research note on Tuesday. Bank of America increased their price target on Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a research note on Tuesday. Finally, Oppenheimer increased their price target on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Zeta Global has an average rating of Buy and a consensus target price of $18.75.

Zeta Global Price Performance

NASDAQ ZETA opened at $15.37 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. 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 one year low of $7.24 and a one year high of $15.90.

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

Institutional Trading of Zeta Global

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in 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 buying an additional 370,912 shares during the period. Granahan Investment Management LLC raised its stake in Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares during the period. Praesidium Investment Management Company LLC raised its stake in Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $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 4th quarter worth $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Zeta Global during the 4th quarter worth $19,682,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.