Zeta Global (NASDAQ:ZETA) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Zeta Global (NASDAQ:ZETA) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $20.00 target price on the stock.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group raised shares of Zeta Global to a strong-buy rating in a research note on Tuesday, May 7th. Oppenheimer boosted their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research note on Tuesday, May 7th. DA Davidson boosted their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday, May 7th. Roth Mkm upped their price target on shares of Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a research report on Tuesday, May 21st. Finally, Craig Hallum upped their price target on shares of Zeta Global from $15.00 to $22.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $20.59.

Zeta Global Stock Performance

NASDAQ ZETA opened at $17.32 on Tuesday. The firm’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $11.93. The stock has a market cap of $3.79 billion, a PE ratio of -16.34 and a beta of 1.23. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $18.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share 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 101.48%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. On average, equities analysts expect that Zeta Global will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares during the last quarter. Granahan Investment Management LLC grew 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 purchasing an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC grew its position 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 worth $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Clearbridge Investments LLC grew its position in Zeta Global by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares in the last quarter. Finally, Capital World Investors bought a new stake in Zeta Global in the 4th quarter worth about $23,560,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.