Zeta Global (NYSE:ZETA) Price Target Cut to $26.00 by Analysts at Morgan Stanley

Zeta Global (NYSE:ZETA) had its price objective reduced by equities research analysts at Morgan Stanley from $41.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 49.51% from the company’s current price.

A number of other equities research analysts also recently commented on ZETA. DA Davidson increased their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Roth Mkm boosted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $17.39 on Friday. The company has a market cap of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The firm has a fifty day moving average price of $28.72 and a two-hundred day moving average price of $22.44.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the firm posted ($0.27) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. Analysts expect that Zeta Global will post -0.45 EPS for the current year.

Institutional Trading of Zeta Global

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after acquiring an additional 431,077 shares in the last quarter. FMR LLC increased its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the last quarter. Summit Partners Public Asset Management LLC grew its stake in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the last quarter. 75.82% of the stock is owned by 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.