Zeta Global (NASDAQ:ZETA) Given New $33.00 Price Target at Roth Mkm

Zeta Global (NASDAQ:ZETA) had its price objective lifted by Roth Mkm from $21.00 to $33.00 in a research note released on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. William Blair reissued an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Barclays lifted their target price on Zeta Global from $15.00 to $18.00 and gave the company an overweight rating in a research report on Tuesday, May 7th. Canaccord Genuity Group upgraded Zeta Global to a strong-buy rating in a research report on Tuesday, May 7th. Morgan Stanley lifted their price target on Zeta Global from $17.00 to $18.00 and gave the company an overweight rating in a research note on Tuesday, May 7th. Finally, Oppenheimer lifted their price target on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday, May 7th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of $19.95.

Zeta Global Stock Performance

Zeta Global stock opened at $17.24 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. Zeta Global has a 1 year low of $7.24 and a 1 year high of $18.58. The company has a market cap of $3.77 billion, a PE ratio of -16.26 and a beta of 1.12. The company’s 50-day moving average is $13.12 and its two-hundred day moving average is $10.60.

Zeta Global (NASDAQ:ZETA) last released its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.38) EPS. Equities analysts anticipate that Zeta Global will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zeta Global by 37.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock valued at $278,000 after acquiring an additional 9,027 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Zeta Global by 27.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock valued at $316,000 after purchasing an additional 8,067 shares during the period. Arizona State Retirement System lifted its position in shares of Zeta Global by 11.4% during the 3rd quarter. Arizona State Retirement System now owns 41,136 shares of the company’s stock valued at $343,000 after buying an additional 4,203 shares during the last quarter. Barclays PLC lifted its position in shares of Zeta Global by 69.7% during the 3rd quarter. Barclays PLC now owns 101,776 shares of the company’s stock valued at $850,000 after buying an additional 41,818 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Zeta Global by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 221,867 shares of the company’s stock valued at $1,853,000 after buying an additional 3,252 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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.