Royal Bank of Canada Cuts Zeta Global (NYSE:ZETA) Price Target to $40.00

Zeta Global (NYSE:ZETA) had its target price lowered by Royal Bank of Canada from $43.00 to $40.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on ZETA. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, B. Riley lifted their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.64.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.61 on Friday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -26.59 and a beta of 1.12. Zeta Global has a one year low of $7.84 and a one year high of $38.20. The company’s 50-day simple moving average is $22.96 and its 200-day simple moving average is $23.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.27) EPS. Equities analysts anticipate that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last quarter. 25.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its position in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Zeta Global in the second quarter valued at about $28,698,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.