Zeta Global (NASDAQ:ZETA) PT Raised to $28.00 at Needham & Company LLC

Zeta Global (NASDAQ:ZETA) had its target price hoisted by stock analysts at Needham & Company LLC from $20.00 to $28.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 16.28% from the company’s current price.

ZETA has been the subject of a number of other research reports. Royal Bank of Canada raised their target price on shares of Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays lifted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday. Canaccord Genuity Group raised shares of Zeta Global to a “strong-buy” rating in a report on Tuesday, May 7th. Oppenheimer boosted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, B. Riley reiterated a “buy” rating and set a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research report on Thursday. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.00.

Zeta Global Trading Up 12.4 %

NASDAQ ZETA traded up $2.66 during trading hours on Thursday, hitting $24.08. The company’s stock had a trading volume of 9,800,223 shares, compared to its average volume of 2,126,443. The stock has a fifty day moving average of $17.71 and a 200 day moving average of $13.70. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $5.27 billion, a P/E ratio of -22.72 and a beta of 1.23. Zeta Global has a twelve month low of $7.24 and a twelve month high of $24.99.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) EPS. Equities research analysts forecast that Zeta Global will post -0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Halpern Financial Inc. raised its stake in Zeta Global by 18.6% in the first 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 raised its stake in Zeta Global by 9.4% in 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 in the last quarter. Essex Investment Management Co. LLC grew its position 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 valued at $2,486,000 after acquiring an additional 1,233 shares during the last quarter. Blue Trust Inc. grew its position in Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Zeta Global by 5.4% during the fourth quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock valued at $382,000 after acquiring an additional 2,215 shares during the last quarter. 75.82% of the stock is 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.