Zeta Global (NASDAQ:ZETA) Price Target Raised to $20.00

Zeta Global (NASDAQ:ZETA) had its price objective lifted by Bank of America from $18.00 to $20.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on ZETA. Morgan Stanley increased their price objective on shares of Zeta Global from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Tuesday, May 7th. DA Davidson raised their price target on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Barclays raised their price target on shares of 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 shares of Zeta Global to a strong-buy rating in a research note on Tuesday, May 7th. Finally, William Blair reiterated an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $20.59.

Zeta Global Stock Performance

Shares of ZETA opened at $16.42 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.59 billion, a P/E ratio of -15.49 and a beta of 1.23. The firm’s fifty day simple moving average is $15.42 and its two-hundred day simple moving average is $11.89. Zeta Global has a 12 month low of $7.24 and a 12 month high of $18.58.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The business 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 101.48%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. As a group, analysts predict that Zeta Global will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Praesidium Investment Management Company LLC boosted its holdings in 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 valued at $54,519,000 after purchasing an additional 5,806,578 shares during the period. Capital World Investors purchased a new stake in Zeta Global during the fourth quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd bought a new position in shares of Zeta Global during the fourth quarter valued at about $19,682,000. Massachusetts Financial Services Co. MA bought a new position in shares of Zeta Global during the fourth quarter valued at about $18,664,000. Finally, Granahan Investment Management LLC raised its stake in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other 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.