Truist Financial Reiterates Buy Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reiterated by equities research analysts at Truist Financial in a research report issued on Friday, Benzinga reports. They presently have a $35.00 target price on the stock, up from their prior target price of $30.00. Truist Financial’s target price would suggest a potential upside of 18.60% from the stock’s current price.

Other equities analysts have also issued reports about the stock. 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 report on Friday. Needham & Company LLC raised 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. Oppenheimer raised 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. Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, DA Davidson lifted their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of “Buy” and an average price target of $32.50.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $29.51 on Friday. The firm has a market capitalization of $6.49 billion, a P/E ratio of -27.84 and a beta of 1.26. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $24.92 and a 200 day moving average price of $18.30. Zeta Global has a 52 week low of $7.38 and a 52 week high of $32.11.

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

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its stake in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. Halpern Financial Inc. boosted its stake in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Zeta Global during the 2nd quarter worth $99,000. Amalgamated Bank boosted its stake in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Zeta Global during the 2nd quarter worth $105,000. Institutional investors and hedge funds 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.