Zeta Global (NASDAQ:ZETA) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm restated their buy rating on shares of Zeta Global (NASDAQ:ZETA) in a report released on Tuesday, Benzinga reports. Roth Mkm currently has a $21.00 price target on the stock.

A number of other research analysts also recently issued reports on ZETA. William Blair reissued an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Barclays boosted 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. Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and raised their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Bank of America boosted their target price on shares of Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a research report on Tuesday. Finally, DA Davidson raised their price target on shares of Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Zeta Global presently has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Stock Up 18.2 %

Shares of ZETA stock opened at $15.37 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global has a one year low of $7.24 and a one year high of $15.90. The business’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $9.77.

Zeta Global (NASDAQ:ZETA) last posted 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. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. During the same period in the prior year, the firm posted ($0.38) EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after acquiring an additional 370,912 shares during the last quarter. Granahan Investment Management LLC boosted 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 valued at $71,554,000 after purchasing an additional 1,076,208 shares during the last quarter. Praesidium Investment Management Company LLC increased its holdings 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 purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new stake in shares of Zeta Global in the fourth quarter worth approximately $23,560,000. Finally, Ophir Asset Management Pty Ltd bought a new position in shares of Zeta Global in the fourth quarter valued at approximately $19,682,000. 75.82% of the stock is owned by institutional investors.

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.