Zeta Global (NASDAQ:ZETA) Price Target Raised to $20.00 at Oppenheimer

Zeta Global (NASDAQ:ZETAGet Free Report) had its target price lifted by Oppenheimer from $18.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 16.82% from the stock’s current price.

A number of other analysts have also commented on ZETA. B. Riley raised their price target on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. DA Davidson lifted their price objective on Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Morgan Stanley increased their target price on Zeta Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group upgraded Zeta Global to a “strong-buy” rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC upped their target price on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.77.

Get Our Latest Analysis on Zeta Global

Zeta Global Stock Performance

Zeta Global stock opened at $17.12 on Tuesday. Zeta Global has a twelve month low of $7.24 and a twelve month high of $18.58. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $16.26 and a two-hundred day simple moving average of $12.42. The company has a market capitalization of $3.75 billion, a PE ratio of -16.15 and a beta of 1.23.

Zeta Global (NASDAQ:ZETAGet Free Report) last issued its earnings results on Monday, May 6th. The company reported ($0.23) EPS 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 net margin of 22.20% and a negative return on equity of 101.48%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) earnings per share. Research analysts expect that Zeta Global will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its position in Zeta Global by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 82,806 shares of the company’s stock valued at $905,000 after acquiring an additional 2,947 shares in the last quarter. Bwcp LP lifted its position in Zeta Global by 32.6% during the first quarter. Bwcp LP now owns 1,699,833 shares of the company’s stock valued at $18,579,000 after purchasing an additional 417,934 shares during the period. Bayesian Capital Management LP boosted its holdings in Zeta Global by 78.1% in the first quarter. Bayesian Capital Management LP now owns 31,502 shares of the company’s stock worth $344,000 after purchasing an additional 13,819 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Zeta Global by 11.1% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,141,611 shares of the company’s stock worth $12,478,000 after purchasing an additional 113,674 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Zeta Global by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company’s stock valued at $997,000 after buying an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

About Zeta Global

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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.

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