Truist Financial Reaffirms Buy Rating for Zeta Global (NYSE:ZETA)

Truist Financial reiterated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Friday, Benzinga reports. They currently have a $35.00 price objective on the stock, up from their previous price objective of $30.00.

Several other brokerages also recently weighed in on ZETA. B. Riley restated a buy rating and set a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Oppenheimer increased their target price on Zeta Global from $20.00 to $29.00 and gave the company an outperform rating in a research note on Thursday, August 1st. DA Davidson increased their target price on Zeta Global from $30.00 to $35.00 and gave the company a buy rating in a research note on Monday, September 23rd. Canaccord Genuity Group increased their target price on Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a research note on Friday, September 6th. Finally, Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $32.50.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $29.51 on Friday. The business’s 50-day moving average price is $24.92 and its two-hundred day moving average price is $18.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a one year low of $7.38 and a one year high of $32.11. The company has a market capitalization of $6.46 billion, a P/E ratio of -27.84 and a beta of 1.26.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. Analysts anticipate that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of ZETA. Capital World Investors bought a new position in shares of Zeta Global during the 4th quarter worth approximately $23,560,000. CastleKnight Management LP increased its holdings in Zeta Global by 94.7% during the 4th quarter. CastleKnight Management LP now owns 88,400 shares of the company’s stock valued at $780,000 after purchasing an additional 43,000 shares in the last quarter. Regal Investment Advisors LLC increased its holdings in Zeta Global by 5.2% during the 4th quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock valued at $488,000 after purchasing an additional 2,748 shares in the last quarter. Scalar Gauge Management LLC acquired a new stake in Zeta Global during the 4th quarter valued at $6,411,000. Finally, Granahan Investment Management LLC increased its holdings 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 in the last quarter. Institutional investors own 75.82% of the company’s stock.

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.