Zeta Global (NYSE:ZETA) Raised to Strong-Buy at Zacks Research

Zeta Global (NYSE:ZETA) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

ZETA has been the subject of several other research reports. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday. William Blair set a $29.00 price target on Zeta Global in a research note on Thursday, August 6th. New Street Research set a $38.00 price target on Zeta Global in a research note on Friday, October 9th. The Goldman Sachs Group upgraded Zeta Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $45.00 in a research report on Friday, October 16th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of Zeta Global in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

Zeta Global Trading Down 1.0%

Shares of ZETA stock opened at $37.35 on Wednesday. Zeta Global has a 1-year low of $14.36 and a 1-year high of $38.46. The firm has a market cap of $9.37 billion, a PE ratio of 266.78, a price-to-earnings-growth ratio of 3.59 and a beta of 1.25. The company has a 50-day moving average of $32.06 and a two-hundred day moving average of $23.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.30 and a quick ratio of 2.38.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. Zeta Global had a net margin of 2.30% and a return on equity of 10.87%. The business had revenue of $492.66 million for the quarter, compared to the consensus estimate of $471.08 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue was up 46.1% on a year-over-year basis. On average, analysts predict that Zeta Global will post 0.28 EPS for the current year.

Institutional Trading of Zeta Global

Several hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Zeta Global during the 2nd quarter worth approximately $2,148,000. Royal Bank of Canada boosted its position in Zeta Global by 69.8% in the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after buying an additional 229,533 shares during the period. California State Teachers Retirement System grew its stake in shares of Zeta Global by 31.7% in the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock worth $3,622,000 after acquiring an additional 54,703 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Zeta Global by 133.5% in the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock worth $1,261,000 after acquiring an additional 45,264 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Zeta Global during the second quarter worth $3,480,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

More Zeta Global News

Investors following ZETA have been watching these news items:

• Positive Sentiment: Zacks Research upgraded ZETA from “hold” to “strong buy.” RBC Capital also reaffirmed its Buy rating, and recent coverage reports analyst price-target increases and expectations for further appreciation. These actions add to the bullish sentiment around the stock. Zacks Research ratings RBC reaffirms Buy rating
• Positive Sentiment: Recent analysis points to accelerating organic growth, greater adoption of Zeta’s Athena AI platform and improving margins and cash flow. Shares recently reached a one-year high, reflecting investor interest in the company’s growth outlook. ZETA gains as AI growth and margins accelerate
• Negative Sentiment: Valuation remains a concern: Zacks notes that ZETA trades at a premium, increasing the stakes for continued execution. Morgan Stanley raised its target to $33 but maintained an Equal Weight rating; that target is below the current $37.35 reference price and suggests the analyst sees limited near-term upside. Zacks on ZETA growth and valuation

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle. The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.