Zeta Global (NYSE:ZETA) Price Target Raised to $37.00

Zeta Global (NYSE:ZETA) had its price objective upped by Canaccord Genuity Group from $30.00 to $37.00 in a research report released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. B. Riley Financial restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. KeyCorp boosted their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. Finally, Bank of America increased their target price on shares of Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Zeta Global Price Performance

NYSE ZETA opened at $33.10 on Friday. Zeta Global has a twelve month low of $14.36 and a twelve month high of $34.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $8.31 billion, a PE ratio of -1,655.00, a P/E/G ratio of 4.67 and a beta of 1.39. The stock has a 50-day simple moving average of $29.84 and a 200 day simple moving average of $22.84.

Zeta Global (NYSE:ZETA) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. Zeta Global’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) EPS. Research analysts anticipate that Zeta Global will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZETA. GK Wealth Management LLC acquired a new stake in Zeta Global during the third quarter valued at approximately $37,000. Versant Capital Management Inc grew its stake in shares of Zeta Global by 54.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the period. Polaris Financial Partners bought a new stake in shares of Zeta Global in the 3rd quarter valued at approximately $56,000. EverSource Wealth Advisors LLC raised its holdings in shares of Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after buying an additional 1,406 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Zeta Global by 66.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock worth $34,000 after buying an additional 867 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.