Needham & Company LLC Boosts Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its target price upped by Needham & Company LLC from $13.00 to $18.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. William Blair restated an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Barclays upped their price target on shares of Zeta Global from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Bank of America lifted their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a research report on Tuesday. TheStreet upgraded shares of Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Finally, Morgan Stanley upgraded Zeta Global from an equal weight rating to an overweight rating and boosted their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Trading Up 1.4 %

Zeta Global stock 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 firm’s 50-day moving average is $11.63 and its 200-day moving average is $9.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $3.45 billion, a P/E ratio of -14.90 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. Zeta Global’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.38) earnings per share. On average, equities analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZETA. Halpern Financial Inc. boosted its position in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its stake in Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after buying an additional 1,233 shares in the last quarter. Kennedy Capital Management LLC grew its position in Zeta Global by 2.4% in the third quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock worth $655,000 after buying an additional 1,845 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 buying an additional 2,037 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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.