Zeta Global (NYSE:ZETA) Price Target Raised to $34.00

Zeta Global (NYSE:ZETA) had its price objective hoisted by Royal Bank of Canada from $29.00 to $34.00 in a report issued on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts also recently commented on the stock. DA Davidson lifted their target price on shares of Zeta Global from $30.00 to $35.00 and gave the stock a buy rating in a report on Monday, September 23rd. B. Riley restated a buy rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Barclays increased their target price on Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Canaccord Genuity Group boosted their price target on Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a research note on Friday, September 6th. Finally, Bank of America upped their price objective on Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a report on Thursday, September 26th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Buy and an average price target of $33.33.

Zeta Global Price Performance

NYSE:ZETA opened at $29.83 on Friday. 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 has a 12-month low of $7.38 and a 12-month high of $32.11. The stock’s 50 day moving average price is $25.10 and its two-hundred day moving average price is $18.49. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -28.14 and a beta of 1.26.

Zeta Global (NYSE:ZETA) last posted its quarterly 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 net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same quarter last year, the company posted ($0.32) EPS. The firm’s revenue was up 32.6% on a year-over-year basis. On average, analysts anticipate that Zeta Global will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Quest Partners LLC raised its holdings in shares of 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 in the last quarter. Halpern Financial Inc. raised its stake in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Zeta Global during the second quarter worth about $99,000. Amalgamated Bank boosted its stake in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Zeta Global in the 2nd quarter valued at approximately $105,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.