Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Zeta Global (NYSE:ZETA) had its price objective upped by Canaccord Genuity Group from $35.00 to $42.00 in a research note published on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on ZETA. Oppenheimer lifted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. DA Davidson upped their price target on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Roth Mkm raised their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Craig Hallum boosted their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Up 1.3 %

ZETA opened at $17.59 on Tuesday. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The business has a 50 day moving average price of $28.57 and a two-hundred day moving average price of $22.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS. Research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Juncture Wealth Strategies LLC raised its stake in shares of Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after acquiring an additional 856 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the third quarter worth approximately $26,000. HighTower Advisors LLC grew its position in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

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.