Zeta Global (NYSE:ZETA) Price Target Raised to $43.00 at Needham & Company LLC

Zeta Global (NYSE:ZETA) had its price objective lifted by Needham & Company LLC from $36.00 to $43.00 in a research note released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on ZETA. Oppenheimer increased their price target on shares of Zeta Global from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $35.00 target price (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Roth Mkm boosted their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Canaccord Genuity Group increased their price objective on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Craig Hallum boosted their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Zeta Global has a consensus rating of “Buy” and a consensus price target of $39.08.

Zeta Global Stock Performance

NYSE:ZETA opened at $28.22 on Tuesday. 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 quick ratio of 1.98 and a current ratio of 1.98. The company has a 50 day moving average price of $29.05 and a 200 day moving average price of $22.51. The stock has a market capitalization of $6.21 billion, a P/E ratio of -32.07 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last released its quarterly 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). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Equities research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares in the last quarter. Covestor Ltd grew its position in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC lifted its position in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the last quarter. 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.