Barclays Raises Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price objective lifted by Barclays from $15.00 to $18.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

ZETA has been the subject of a number of other research reports. Bank of America increased their price objective on Zeta Global from $15.00 to $18.00 and gave the stock a buy rating in a report on Tuesday. Craig Hallum increased their price target on shares of Zeta Global from $15.00 to $22.00 and gave the stock a buy rating in a research note on Tuesday. Roth Mkm reissued a buy rating and set a $21.00 price objective on shares of Zeta Global in a research note on Tuesday. Oppenheimer upped their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday. Finally, William Blair reiterated an outperform rating on shares of Zeta Global in a report on Wednesday, February 28th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Trading Up 1.4 %

Shares of ZETA opened at $15.79 on Tuesday. Zeta Global has a 1-year low of $7.24 and a 1-year high of $15.90. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $9.90. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -14.90 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $187.16 million. During the same period in the previous year, the firm posted ($0.38) EPS. The business’s revenue was up 23.7% on a year-over-year basis. Sell-side analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Praesidium Investment Management Company LLC increased its holdings in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new stake in shares of Zeta Global during the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in Zeta Global in the 4th quarter worth about $19,682,000. Massachusetts Financial Services Co. MA purchased a new position in Zeta Global in the 4th quarter worth about $18,664,000. Finally, Granahan Investment Management LLC raised its position in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares during the last quarter. 75.82% of the stock is owned by institutional investors.

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.