Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.00 at Morgan Stanley

Zeta Global (NASDAQ:ZETA) had its price objective increased by Morgan Stanley from $17.00 to $18.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on the stock. DA Davidson increased their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday. TheStreet upgraded shares of Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Bank of America increased their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a research note on Tuesday. Finally, William Blair reiterated an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global presently has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

Shares of ZETA stock opened at $15.37 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The company’s 50-day simple moving average is $11.33 and its two-hundred day simple moving average is $9.77. Zeta Global has a one year low of $7.24 and a one year high of $15.90.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same period in the prior year, the firm earned ($0.38) EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of ZETA. Commonwealth Equity Services LLC raised its holdings in shares of Zeta Global by 530.9% in the third quarter. Commonwealth Equity Services LLC now owns 157,802 shares of the company’s stock worth $1,318,000 after buying an additional 132,789 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Zeta Global in the third quarter worth $207,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Zeta Global by 37.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock worth $278,000 after buying an additional 9,027 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Zeta Global by 24.4% in the third quarter. Mackenzie Financial Corp now owns 123,655 shares of the company’s stock worth $992,000 after buying an additional 24,283 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Zeta Global by 27.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock worth $316,000 after buying an additional 8,067 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

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.