Zeta Global (NYSE:ZETA) Price Target Cut to $26.00 by Analysts at Morgan Stanley

Zeta Global (NYSE:ZETA) had its price target cut by Morgan Stanley from $41.00 to $26.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

ZETA has been the topic of a number of other research reports. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial restated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday. Roth Mkm upped their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Barclays increased their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Performance

ZETA traded up $0.21 during trading on Friday, reaching $17.58. 25,433,628 shares of the stock traded hands, compared to its average volume of 8,545,498. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. The stock’s 50-day moving average is $28.57 and its 200 day moving average is $22.48. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the company posted ($0.27) EPS. On average, equities analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZETA. Geode Capital Management LLC raised its position in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares in the last quarter. Barclays PLC raised its position in shares of Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after acquiring an additional 112,238 shares in the last quarter. National Bank of Canada FI bought a new position in Zeta Global during the 3rd quarter valued at approximately $734,000. State Street Corp increased its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after buying an additional 455,944 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after buying an additional 892 shares in the last quarter. Hedge funds and other 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.