Zeta Global (NASDAQ:ZETA) PT Raised to $22.00 at Craig Hallum

Zeta Global (NASDAQ:ZETA) had its price objective lifted by Craig Hallum from $15.00 to $22.00 in a research note published on Tuesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

ZETA has been the subject of several other reports. 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. Oppenheimer raised their price target on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a report on Tuesday. TheStreet upgraded Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. DA Davidson lifted their price objective on Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a report on Tuesday. Finally, Morgan Stanley upgraded Zeta Global from an equal weight rating to an overweight rating and lifted their price objective for the stock from $12.00 to $17.00 in a report on Thursday, April 4th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Zeta Global currently has a consensus rating of Buy and an average price target of $18.75.

Zeta Global Stock Performance

Shares of Zeta Global stock 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. The business has a fifty day simple moving average of $11.33 and a two-hundred day simple moving average of $9.77. Zeta Global has a 12 month low of $7.24 and a 12 month 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 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 business had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. During the same quarter last year, the firm posted ($0.38) earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZETA. Praesidium Investment Management Company LLC boosted its position in Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Capital World Investors purchased a new position in Zeta Global in the fourth quarter worth about $23,560,000. Ophir Asset Management Pty Ltd purchased a new position in Zeta Global in the fourth quarter worth about $19,682,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Zeta Global during the 4th quarter valued at about $18,664,000. Finally, Granahan Investment Management LLC lifted its position in shares of Zeta Global by 15.3% during the 4th 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 in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.