Zeta Global (NYSE:ZETA) Given New $36.00 Price Target at Bank of America

Zeta Global (NYSE:ZETA) had its price objective boosted by equities research analysts at Bank of America from $30.00 to $36.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 22.03% from the company’s current price.

ZETA has been the subject of several other research reports. Oppenheimer boosted their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. DA Davidson raised their price objective on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays upped their target price on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Craig Hallum raised their price target on Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 6th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global currently has an average rating of “Buy” and a consensus target price of $32.50.

Zeta Global Stock Down 0.8 %

Zeta Global stock opened at $29.50 on Thursday. Zeta Global has a twelve month low of $7.38 and a twelve month high of $32.11. The business has a fifty day moving average of $24.92 and a two-hundred day moving average of $18.25. The firm has a market cap of $6.49 billion, a P/E ratio of -27.83 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.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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). The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global’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) EPS. On average, analysts forecast that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC raised its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the last quarter. Halpern Financial Inc. boosted its holdings in shares of Zeta Global by 18.6% in the 1st 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 last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global during the second quarter worth $99,000. Amalgamated Bank lifted its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Zeta Global in the second quarter valued at $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.