Zeta Global (NASDAQ:ZETA) PT Raised to $18.00

Zeta Global (NASDAQ:ZETA) had its price target hoisted by Morgan Stanley from $17.00 to $18.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently commented on ZETA. Needham & Company LLC boosted their price target on shares of Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a report on Tuesday. TheStreet raised Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. William Blair reaffirmed an outperform rating on shares of Zeta Global in a report on Wednesday, February 28th. Oppenheimer upped their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised their target price on Zeta Global from $13.00 to $17.00 and gave the stock a buy rating in a research report on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $18.75.

Zeta Global Stock Performance

Zeta Global stock opened at $15.37 on Tuesday. 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 has a twelve month low of $7.24 and a twelve month high of $15.90. The stock’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $9.77.

Zeta Global (NASDAQ:ZETA) last issued its quarterly 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. The company 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%. Zeta Global’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) EPS. On average, analysts expect that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

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