Zeta Global (NYSE:ZETA) Price Target Raised to $28.00 at Canaccord Genuity Group

Zeta Global (NYSE:ZETA) had its price objective boosted by Canaccord Genuity Group from $24.00 to $28.00 in a report issued on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Craig Hallum boosted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC boosted their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada raised their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Morgan Stanley lowered their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Finally, Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.00.

Zeta Global Stock Performance

ZETA opened at $23.10 on Wednesday. The stock’s 50-day moving average price is $28.32 and its 200 day moving average price is $22.74. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. As a group, research analysts expect that Zeta Global will post -0.45 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the director now owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 129,901 shares of company stock valued at $2,471,244. Insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its position in shares of Zeta Global by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after purchasing an additional 2,236 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Zeta Global during the first quarter worth about $4,113,000. Price T Rowe Associates Inc. MD increased its holdings in Zeta Global by 5.9% in the first 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 in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of Zeta Global by 11.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,141,611 shares of the company’s stock valued at $12,478,000 after acquiring an additional 113,674 shares during the period. Institutional investors and hedge funds 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.