Canaccord Genuity Group Increases Zeta Global (NYSE:ZETA) Price Target to $42.00

Zeta Global (NYSE:ZETA) had its price objective boosted by analysts at Canaccord Genuity Group from $35.00 to $42.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 136.89% from the company’s current price.

A number of other analysts have also issued reports on ZETA. KeyCorp initiated coverage on shares of Zeta Global in a research report on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target for the company. Bank of America boosted their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Needham & Company LLC increased their price objective on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. Craig Hallum boosted their target price on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research note on Friday, October 18th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $40.23.

Zeta Global Trading Down 37.2 %

Zeta Global stock opened at $17.73 on Tuesday. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. 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 firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -25.33 and a beta of 1.29. The company has a 50 day moving average price of $28.90 and a 200 day moving average price of $22.48.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the business earned ($0.27) EPS. Research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC lifted its stake in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd grew its position in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, Quest Partners LLC raised its holdings 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 acquiring an additional 2,183 shares in 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.