DA Davidson Boosts Zeta Global (NYSE:ZETA) Price Target to $39.00

Zeta Global (NYSE:ZETA) had its price objective lifted by DA Davidson from $35.00 to $39.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. B. Riley increased their price objective on Zeta Global from $30.00 to $37.00 and gave the company a buy rating in a report on Monday, September 30th. Barclays raised their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Canaccord Genuity Group upped their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a report on Friday, September 6th. Morgan Stanley lowered Zeta Global from an overweight rating to an equal weight rating and raised their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $34.00 price objective on shares of Zeta Global in a research note on Wednesday. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zeta Global currently has a consensus rating of Buy and a consensus target price of $35.00.

Zeta Global Trading Up 1.2 %

NYSE ZETA opened at $31.66 on Wednesday. The firm’s fifty day moving average price is $26.81 and its 200 day moving average price is $19.64. Zeta Global has a 12 month low of $7.38 and a 12 month high of $34.14. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -29.87 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same period in the previous year, the business posted ($0.32) EPS. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, sell-side analysts expect that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in the stock. Regal Investment Advisors LLC lifted its stake in shares of Zeta Global by 5.2% in the fourth quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock valued at $488,000 after purchasing an additional 2,748 shares during the period. Scalar Gauge Management LLC acquired a new stake in shares of Zeta Global during the 4th quarter valued at approximately $6,411,000. Granahan Investment Management LLC boosted 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 acquiring an additional 1,076,208 shares in the last quarter. Ophir Asset Management Pty Ltd acquired a new stake in shares of Zeta Global in the 4th quarter worth approximately $19,682,000. Finally, Vanguard Group Inc. increased its stake in Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 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.