Craig Hallum Raises Zeta Global (NYSE:ZETA) Price Target to $45.00

Zeta Global (NYSE:ZETA) had its price objective hoisted by investment analysts at Craig Hallum from $37.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential upside of 55.12% from the company’s previous close.

A number of other analysts also recently commented on the stock. Morgan Stanley downgraded shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Royal Bank of Canada lifted their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. B. Riley raised their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm raised their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Buy” and an average target price of $39.08.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $7.73 during trading hours on Tuesday, hitting $29.01. 13,049,616 shares of the stock were exchanged, compared to its average volume of 2,636,627. 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 company has a market cap of $6.38 billion, a PE ratio of -32.97 and a beta of 1.29. The company’s fifty day simple moving average is $28.99 and its two-hundred day simple moving average is $22.40. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS. On average, sell-side analysts predict that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global in the third quarter valued at $26,000. Quest Partners LLC grew its position in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd grew its holdings in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors 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.