Zeta Global (NASDAQ:ZETA) Stock Rating Reaffirmed by Truist Financial

Zeta Global (NASDAQ:ZETA)‘s stock had its “buy” rating reaffirmed by stock analysts at Truist Financial in a research report issued on Thursday, Benzinga reports. They currently have a $30.00 target price on the stock, up from their previous target price of $23.00. Truist Financial’s target price would indicate a potential upside of 21.61% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Oppenheimer lifted their target price on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group boosted their price target on Zeta Global from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Barclays boosted their price target on Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Bank of America boosted their price target on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, DA Davidson boosted their price target on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $23.75.

Zeta Global Stock Up 15.2 %

Shares of ZETA stock traded up $3.25 on Thursday, hitting $24.67. The stock had a trading volume of 1,766,618 shares, compared to its average volume of 2,071,793. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $17.71 and a 200 day moving average price of $13.70. The company has a market cap of $5.40 billion, a PE ratio of -23.27 and a beta of 1.23. Zeta Global has a one year low of $7.24 and a one year high of $25.53.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. Research analysts anticipate that Zeta Global will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Halpern Financial Inc. lifted its holdings in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the period. Optas LLC acquired a new position in shares of Zeta Global during the 4th quarter worth approximately $88,000. Blue Trust Inc. raised its stake in shares of Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after buying an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Zeta Global during the 4th quarter worth approximately $100,000. Finally, SlateStone Wealth LLC acquired a new position in shares of Zeta Global during the 1st quarter worth approximately $135,000. 75.82% of the stock is owned by institutional investors and hedge funds.

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.