Zeta Global (NYSE:ZETA) Price Target Raised to $44.00

Zeta Global (NYSE:ZETA) had its price target hoisted by Roth Mkm from $33.00 to $44.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on ZETA. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Truist Financial reissued a buy rating and set a $35.00 target price (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Craig Hallum raised their price target on shares of Zeta Global from $35.00 to $37.00 and gave the stock a buy rating in a research note on Friday, September 27th. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a research report on Thursday, September 26th. Finally, DA Davidson raised their target price on shares of Zeta Global from $30.00 to $35.00 and gave the stock a buy rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of Buy and a consensus target price of $34.25.

Zeta Global Stock Up 0.3 %

NYSE ZETA opened at $29.88 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 52 week low of $7.38 and a 52 week high of $32.11. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of -28.19 and a beta of 1.27. The company has a fifty day moving average of $25.46 and a two-hundred day moving average of $18.71.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, analysts predict that Zeta Global will post -0.43 earnings per share for the current year.

Institutional Trading of Zeta Global

Several hedge funds have recently modified their holdings of the company. Quest Partners LLC grew its stake in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the last quarter. Halpern Financial Inc. grew its stake in shares of 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 last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Zeta Global during the second quarter valued at about $99,000. Amalgamated Bank raised its position in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Zeta Global in the 2nd quarter worth approximately $105,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.