Craig Hallum Boosts Zeta Global (NYSE:ZETA) Price Target to $37.00

Zeta Global (NYSE:ZETA) had its price objective hoisted by Craig Hallum from $35.00 to $37.00 in a report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on ZETA. Royal Bank of Canada increased their target price on Zeta Global from $23.00 to $29.00 and gave the company an outperform rating in a report on Thursday, August 1st. 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 report on Thursday, August 1st. Barclays increased their target price on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a report on Thursday, August 1st. Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a report on Thursday. Finally, Needham & Company LLC increased their price target on Zeta Global from $28.00 to $33.00 and gave the stock a buy rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $32.50.

Zeta Global Stock Performance

ZETA opened at $29.51 on Friday. The stock has a market cap of $6.46 billion, a P/E ratio of -27.84 and a beta of 1.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s 50 day simple moving average is $24.92 and its 200 day simple moving average is $18.36. Zeta Global has a 1-year low of $7.38 and a 1-year high of $32.11.

Zeta Global (NYSE:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) EPS. As a group, equities analysts anticipate that Zeta Global will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ZETA. Capital World Investors purchased a new position in shares of Zeta Global in the 4th quarter worth $23,560,000. CastleKnight Management LP raised its position in shares of Zeta Global by 94.7% in the 4th quarter. CastleKnight Management LP now owns 88,400 shares of the company’s stock worth $780,000 after buying an additional 43,000 shares during the period. Regal Investment Advisors LLC raised its position in shares of Zeta Global by 5.2% in the 4th quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock worth $488,000 after buying an additional 2,748 shares during the period. Scalar Gauge Management LLC purchased a new position in shares of Zeta Global in the 4th quarter worth $6,411,000. Finally, Granahan Investment Management LLC raised its position 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 period. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.