Oppenheimer Increases Zeta Global (NYSE:ZETA) Price Target to $42.00

Zeta Global (NYSE:ZETA) had its price target upped by Oppenheimer from $33.00 to $42.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

ZETA has been the subject of several other research reports. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. KeyCorp began coverage on Zeta Global in a research report on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target for the company. Needham & Company LLC increased their price objective on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Mkm lifted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Stock Performance

NYSE ZETA opened at $17.59 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a 50-day simple moving average of $28.57 and a 200 day simple moving average of $22.48.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the firm posted ($0.27) EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Zeta Global by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after buying an additional 3,295 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after acquiring an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. grew its position in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after acquiring an additional 276,294 shares in the last quarter. ProShare Advisors LLC increased its stake in Zeta Global by 9.7% in the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after acquiring an additional 2,236 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Zeta Global during the first quarter valued at about $153,000. 75.82% of the stock is 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.