Zeta Global (NYSE:ZETA) Rating Reiterated by Royal Bank of Canada

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued on Wednesday, Benzinga reports. They presently have a $34.00 price objective on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 8.63% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Barclays raised their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price target on shares of Zeta Global in a report on Wednesday. Oppenheimer upped their target price on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zeta Global presently has an average rating of “Buy” and a consensus target price of $35.00.

Zeta Global Trading Down 5.5 %

ZETA stock opened at $31.30 on Wednesday. The company’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $19.50. Zeta Global has a 52-week low of $7.38 and a 52-week high of $34.14. The firm has a market cap of $6.85 billion, a P/E ratio of -29.53 and a beta of 1.27. 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 released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the company earned ($0.32) EPS. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. As a group, equities analysts forecast that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after buying an additional 370,912 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Zeta Global during the first quarter worth $4,113,000. Scalar Gauge Management LLC acquired a new stake in Zeta Global in the fourth quarter valued at $6,411,000. Finally, Granahan Investment Management LLC raised its stake in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares during the last quarter. 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.