Zeta Global (NASDAQ:ZETA) Price Target Raised to $35.00

Zeta Global (NASDAQ:ZETA) had its price objective hoisted by investment analysts at DA Davidson from $30.00 to $35.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 15.74% from the company’s current price.

ZETA has been the subject of several other research reports. Oppenheimer lifted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their price target on shares of Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Bank of America lifted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Needham & Company LLC lifted their price target on shares of Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $30.17.

Zeta Global Trading Up 2.8 %

Shares of NASDAQ ZETA opened at $30.24 on Monday. Zeta Global has a 1-year low of $7.38 and a 1-year high of $30.25. The company has a market cap of $6.62 billion, a PE ratio of -28.53 and a beta of 1.26. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $24.36 and a two-hundred day moving average of $17.95.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the firm posted ($0.32) earnings per share. The company’s revenue was up 32.6% on a year-over-year basis. As a group, equities analysts expect that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZETA. Quest Partners LLC lifted its stake in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its stake 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 buying an additional 830 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Zeta Global in the second quarter valued at approximately $99,000. Amalgamated Bank lifted its stake in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Zeta Global in the second quarter valued at approximately $105,000. 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.