Analysts Set Zeta Global Holdings Corp. (NYSE:ZETA) Price Target at $30.17

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have received an average rating of “Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.50.

Several research analysts have commented on ZETA shares. Canaccord Genuity Group lifted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Oppenheimer raised their price objective on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. B. Riley restated a “buy” rating and set a $30.00 price target (up from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Needham & Company LLC boosted their price objective on Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 9th.

Institutional Trading of Zeta Global

Several large investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zeta Global in the 2nd quarter worth about $7,713,000. Point72 Asset Management L.P. grew its holdings in Zeta Global by 10.0% in the second quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after purchasing an additional 5,259 shares during the period. Algert Global LLC increased its stake in shares of Zeta Global by 23.1% during the second quarter. Algert Global LLC now owns 118,667 shares of the company’s stock valued at $2,094,000 after purchasing an additional 22,237 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Zeta Global by 18.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock valued at $1,821,000 after buying an additional 15,800 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in Zeta Global in the second quarter worth $265,000. 75.82% of the stock is owned by institutional investors.

Zeta Global Stock Performance

Zeta Global stock opened at $29.51 on Wednesday. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $32.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $6.46 billion, a P/E ratio of -27.84 and a beta of 1.26. The firm’s fifty day moving average price is $24.92 and its 200-day moving average price is $18.36.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. On average, equities research analysts expect that Zeta Global will post -0.43 earnings per share for the current fiscal year.

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.