Zeta Global (NYSE:ZETA) Shares Gap Up on Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price gapped up before the market opened on Thursday after Barclays raised their price target on the stock from $28.00 to $32.00. The stock had previously closed at $17.76, but opened at $19.12. Barclays currently has an equal weight rating on the stock. Zeta Global shares last traded at $16.88, with a volume of 7,662,523 shares.

ZETA has been the subject of several other research reports. Needham & Company LLC upped their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday. Craig Hallum upped their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of Zeta Global from $30.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday. B. Riley boosted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $39.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZETA. Barclays PLC increased its stake in 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 purchasing an additional 112,238 shares in the last quarter. National Bank of Canada FI purchased a new position in Zeta Global in the 3rd quarter worth about $734,000. State Street Corp increased its stake in Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares in the last quarter. HighTower Advisors LLC increased its stake in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Zeta Global during the 3rd quarter worth about $571,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Price Performance

The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -25.13 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $28.57 and a 200 day simple moving average of $22.48.

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

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.