Craig Hallum Boosts Zeta Global (NASDAQ:ZETA) Price Target to $32.00

Zeta Global (NASDAQ:ZETA) had its price target increased by Craig Hallum from $22.00 to $32.00 in a report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. B. Riley lifted their price objective on shares of Zeta Global from $18.50 to $24.00 and gave the company a buy rating in a research note on Friday, July 19th. Barclays upped their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock an overweight rating in a report on Tuesday, May 7th. Truist Financial reaffirmed a buy rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a report on Thursday. Royal Bank of Canada started coverage on Zeta Global in a research note on Tuesday, June 25th. They issued an outperform rating and a $20.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Zeta Global from $18.00 to $20.00 and gave the company a buy rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zeta Global has an average rating of Buy and a consensus price target of $28.00.

Zeta Global Price Performance

Shares of ZETA traded down $1.43 during trading hours on Thursday, reaching $22.56. The stock had a trading volume of 879,274 shares, compared to its average volume of 2,125,890. Zeta Global has a 12 month low of $7.24 and a 12 month high of $25.53. 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 company’s 50-day moving average is $17.85 and its two-hundred day moving average is $13.78.

Zeta Global (NASDAQ:ZETA) last announced its earnings results 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 83.92% and a negative net margin of 17.76%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) earnings per share. As a group, analysts forecast that Zeta Global will post -0.37 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Praesidium Investment Management Company LLC increased its stake in shares of Zeta Global by 1,549.5% during the fourth 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 in the last quarter. Capital World Investors purchased a new position in shares of Zeta Global during the 4th quarter valued at $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Zeta Global in the 4th quarter worth about $19,682,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Zeta Global in the 4th quarter worth about $18,664,000. Finally, Granahan Investment Management LLC increased its holdings in shares of 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 buying 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.