Zeta Global (NYSE:ZETA) Given New $28.00 Price Target at Canaccord Genuity Group

Zeta Global (NYSE:ZETA) had its price objective upped by research analysts at Canaccord Genuity Group from $24.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 20.95% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ZETA. DA Davidson boosted their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC upped their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Roth Mkm lifted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada lifted their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. 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’s stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Stock Up 5.1 %

NYSE ZETA opened at $23.15 on Wednesday. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of -33.07 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $28.38 and a two-hundred day moving average of $22.73.

Zeta Global (NYSE:ZETA) last issued 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 the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Christopher E. Greiner purchased 7,975 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. This represents a 0.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Steinberg acquired 53,676 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC purchased a new stake in Zeta Global in the third quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd boosted its holdings 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 acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Zeta Global by 104.1% in the third 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 during the period. Finally, Quest Partners LLC raised its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other 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.