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

Zeta Global (NASDAQ:ZETA) had its price target boosted by Oppenheimer from $18.00 to $20.00 in a research report released on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the company. Bank of America raised their price objective on Zeta Global from $18.00 to $20.00 and gave the stock a buy rating in a research note on Monday, June 24th. Needham & Company LLC lifted their price target on Zeta Global from $18.00 to $20.00 and gave the company a buy rating in a research note on Monday, June 17th. Craig Hallum lifted their price target on Zeta Global from $15.00 to $22.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Barclays boosted their price objective on Zeta Global from $15.00 to $18.00 and gave the stock an overweight rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group upgraded Zeta Global to a strong-buy rating in a research report on Tuesday, May 7th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of Buy and a consensus price target of $20.77.

Zeta Global Stock Up 3.9 %

NASDAQ:ZETA opened at $17.25 on Tuesday. The stock has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $12.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. Zeta Global has a 1-year low of $7.24 and a 1-year high of $18.58.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Insight Wealth Strategies LLC acquired a new position in Zeta Global during the 4th quarter worth about $922,000. George Kaiser Family Foundation lifted its holdings in Zeta Global by 891.8% during the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock worth $2,094,000 after buying an additional 213,448 shares during the period. Vanguard Group Inc. lifted its stake in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares during the period. Legato Capital Management LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $929,000. Finally, Scalar Gauge Management LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $6,411,000. 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.