Zeta Global (NYSE:ZETA) PT Raised to $34.00

Zeta Global (NYSE:ZETA) had its price objective boosted by Royal Bank of Canada from $29.00 to $34.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently commented on ZETA. Barclays increased their price objective on Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on Zeta Global from $28.00 to $33.00 and gave the stock a buy rating in a report on Monday, September 9th. Truist Financial restated a buy rating and issued a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. B. Riley restated a buy rating and issued a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Finally, Morgan Stanley downgraded Zeta Global from an overweight rating to an equal weight rating and increased their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zeta Global has an average rating of Buy and a consensus price target of $32.50.

Zeta Global Price Performance

NYSE ZETA opened at $29.51 on Friday. The company has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $18.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of -27.84 and a beta of 1.26. Zeta Global has a 52-week low of $7.38 and a 52-week high of $32.11.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. Zeta Global’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. Equities research analysts predict that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Quest Partners LLC grew its holdings in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the last quarter. Halpern Financial Inc. increased its position in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares during the period. Point72 Hong Kong Ltd bought a new position in Zeta Global during the second quarter worth $99,000. Amalgamated Bank increased its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in Zeta Global during the second quarter worth $105,000. Institutional investors and hedge funds own 75.82% 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.