Zeta Global (NYSE:ZETA) Rating Increased to Buy at Wall Street Zen

Zeta Global (NYSE:ZETA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on ZETA. DA Davidson lifted their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. B. Riley Financial upgraded Zeta Global to a “strong-buy” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group lifted their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley lifted their price objective on Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $14.65 on Friday. Zeta Global has a one year low of $10.69 and a one year high of $24.90. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -97.69, a PEG ratio of 1.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The business’s 50 day moving average price is $16.74 and its 200 day moving average price is $18.52.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts predict that Zeta Global will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares in the last quarter. Contour Asset Management LLC grew its stake in Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global during the 3rd quarter worth $121,502,000. Goldman Sachs Group Inc. grew its stake in Zeta Global by 13.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after purchasing an additional 673,145 shares in the last quarter. Finally, Capital World Investors grew its stake in Zeta Global by 0.7% during the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after purchasing an additional 33,923 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.