B. Riley Raises Zeta Global (NYSE:ZETA) Price Target to $37.00

Zeta Global (NYSE:ZETA) had its price target lifted by equities researchers at B. Riley from $30.00 to $37.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 24.71% from the stock’s previous close.

A number of other analysts have also recently commented on ZETA. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Canaccord Genuity Group increased their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Needham & Company LLC raised their price target on Zeta Global from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Finally, Barclays lifted their price target on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global presently has an average rating of “Buy” and a consensus price target of $34.25.

Zeta Global Trading Down 0.5 %

Shares of Zeta Global stock opened at $29.67 on Monday. The company’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $18.63. The company has a market cap of $6.53 billion, a price-to-earnings ratio of -27.99 and a beta of 1.26. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. 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 quarterly 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). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period last year, the firm earned ($0.32) EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. As a group, sell-side analysts expect that Zeta Global will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Large investors have recently modified their holdings of the stock. Quest Partners LLC grew its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the period. Halpern Financial Inc. increased its stake in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares during the period. Point72 Hong Kong Ltd purchased a new position in Zeta Global in the second quarter valued at about $99,000. Amalgamated Bank grew its stake in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Zeta Global during the second quarter worth about $105,000. Hedge funds and other institutional investors 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.