Zeta Global (NASDAQ:ZETA) PT Raised to $17.00

Zeta Global (NASDAQ:ZETA) had its target price upped by equities research analysts at Canaccord Genuity Group from $13.00 to $17.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 9.25% from the stock’s current price.

ZETA has been the subject of several other reports. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Barclays lifted their price objective on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $17.00 in a report on Thursday, April 4th. DA Davidson increased their target price on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America lifted their target price on Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global currently has a consensus rating of “Buy” and an average price target of $17.88.

Zeta Global Stock Up 19.7 %

Shares of NASDAQ ZETA traded up $2.56 on Tuesday, reaching $15.56. 3,904,385 shares of the company’s stock traded hands, compared to its average volume of 1,505,224. The business’s 50 day simple moving average is $11.28 and its two-hundred day simple moving average is $9.74. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -12.93 and a beta of 1.12. Zeta Global has a 12 month low of $7.24 and a 12 month high of $15.90. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $187.16 million. During the same quarter in the prior year, the firm earned ($0.38) EPS. The business’s revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Insight Wealth Strategies LLC purchased a new stake in shares of Zeta Global in the fourth quarter valued at approximately $922,000. Legato Capital Management LLC acquired a new stake in shares of Zeta Global in the 4th quarter valued at $929,000. Vanguard Group Inc. increased its position in Zeta Global by 6.6% during the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after buying an additional 991,678 shares during the period. Blue Trust Inc. increased its stake in Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Zeta Global by 97.2% during the third quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock worth $5,541,000 after purchasing an additional 327,100 shares during the period. Hedge funds and other 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.