Zeta Global (NYSE:ZETA) Price Target Raised to $42.00 at DA Davidson

Zeta Global (NYSE:ZETA) had its price target lifted by DA Davidson from $39.00 to $42.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. Craig Hallum lifted their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Finally, Bank of America lifted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.08.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $28.22 on Tuesday. The firm’s 50 day simple moving average is $29.05 and its 200 day simple moving average is $22.51. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -32.07 and a beta of 1.29. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Alpha DNA Investment Management LLC bought a new stake in Zeta Global in the 3rd quarter valued at about $472,000. Penserra Capital Management LLC boosted its stake in shares of Zeta Global by 161.2% in the third quarter. Penserra Capital Management LLC now owns 32,798 shares of the company’s stock valued at $978,000 after buying an additional 20,239 shares during the period. Citigroup Inc. grew its position in Zeta Global by 139.5% during the third quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after buying an additional 88,205 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Zeta Global during the 3rd quarter worth $1,455,000. 75.82% of the stock is currently 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.