Zeta Global (NYSE:ZETA) Price Target Raised to $32.00

Zeta Global (NYSE:ZETA) had its price target upped by Barclays from $28.00 to $32.00 in a research report report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC boosted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer increased their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America raised their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley boosted their target price on Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Roth Mkm raised their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Trading Up 1.3 %

Shares of ZETA stock opened at $17.59 on Wednesday. The stock has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $22.48. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last released its earnings results 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the business posted ($0.27) EPS. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in the company. Juncture Wealth Strategies LLC grew its holdings in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares during the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global in the third quarter worth approximately $26,000. HighTower Advisors LLC lifted its stake in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the period. 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.