Zeta Global (NYSE:ZETA) PT Raised to $44.00

Zeta Global (NYSE:ZETA) had its price target raised by stock analysts at Roth Mkm from $33.00 to $44.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price objective suggests a potential upside of 47.68% from the company’s previous close.

ZETA has been the subject of a number of other reports. Craig Hallum upped their target price on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. 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 research note on Thursday, September 26th. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. B. Riley upped their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price target on Zeta Global from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. One equities research 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $34.25.

Zeta Global Trading Up 0.5 %

NYSE:ZETA opened at $29.80 on Tuesday. The company has a market capitalization of $6.55 billion, a PE ratio of -28.11 and a beta of 1.26. Zeta Global has a 52-week low of $7.38 and a 52-week high of $32.11. The stock’s 50 day moving average price is $25.46 and its 200 day moving average price is $18.71. 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 announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) 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 business had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter last year, the business posted ($0.32) earnings per share. The business’s revenue was up 32.6% on a year-over-year basis. On average, research analysts anticipate that Zeta Global will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors purchased a new position in Zeta Global in the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in shares of Zeta Global in the fourth quarter worth about $19,682,000. D. E. Shaw & Co. Inc. boosted its holdings in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Zeta Global during the 2nd quarter worth approximately $28,698,000. Finally, Granahan Investment Management LLC raised its position in shares of Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.