Zeta Global (NYSE:ZETA) Given New $45.00 Price Target at Craig Hallum

Zeta Global (NYSE:ZETA) had its target price hoisted by Craig Hallum from $37.00 to $45.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Needham & Company LLC raised their price target on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays downgraded shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a research note on Friday, October 18th. B. Riley increased their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.08.

Zeta Global Trading Down 23.2 %

ZETA stock opened at $28.22 on Tuesday. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The company has a market capitalization of $6.21 billion, a PE ratio of -32.07 and a beta of 1.29. The company’s 50 day moving average price is $29.05 and its two-hundred day moving average price is $22.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Allspring Global Investments Holdings LLC increased its position in Zeta Global by 9.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after buying an additional 3,295 shares in the last quarter. Swiss National Bank raised its position in shares of Zeta Global by 1.3% in the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares in the last quarter. ProShare Advisors LLC grew its position in Zeta Global by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after purchasing an additional 2,236 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Zeta Global during the 1st quarter valued at about $153,000. Institutional investors 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.