Barclays Forecasts Strong Price Appreciation for Zeta Global (NYSE:ZETA) Stock

Zeta Global (NYSE:ZETA) had its price target increased by equities research analysts at Barclays from $28.00 to $32.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 84.01% from the company’s current price.

Several other brokerages have also recently commented on ZETA. Oppenheimer increased their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. Roth Mkm boosted 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. DA Davidson increased their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Trading Down 2.1 %

NYSE:ZETA opened at $17.39 on Wednesday. The company has a market cap of $3.82 billion, a P/E ratio of -24.84 and a beta of 1.29. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The business has a 50 day moving average price of $28.72 and a two-hundred day moving average price of $22.44. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the third quarter worth $26,000. Quest Partners LLC increased its position in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares during the period. Farther Finance Advisors LLC increased its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd raised its stake in Zeta Global by 2,902.0% in 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 in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in 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 during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

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.