Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Zeta Global (NYSE:ZETA) had its target price hoisted by equities research analysts at Royal Bank of Canada from $33.00 to $37.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 31.11% from the company’s previous close.

A number of other brokerages have also issued reports on ZETA. Craig Hallum increased their price objective on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Oppenheimer increased their price objective on Zeta Global from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Zeta Global in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Zeta Global currently has a consensus rating of “Buy” and an average target price of $39.08.

Zeta Global Stock Down 23.2 %

Shares of Zeta Global stock opened at $28.22 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.21 billion, a P/E ratio of -32.97 and a beta of 1.29. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The business has a 50-day moving average price of $28.99 and a 200 day moving average price of $22.40.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, sell-side analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Juncture Wealth Strategies LLC grew its position in Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after buying an additional 634 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter worth about $26,000. Amalgamated Bank grew its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after buying an additional 948 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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.