Zeta Global (NASDAQ:ZETA) PT Raised to $18.50

Zeta Global (NASDAQ:ZETA) had its price objective raised by B. Riley from $15.50 to $18.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 18.82% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Barclays upped their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America upped their target price on Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer lifted their price target on Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday. Craig Hallum upped their price objective on Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson lifted their target price on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $18.75.

Zeta Global Stock Performance

NASDAQ:ZETA opened at $15.57 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. Zeta Global has a twelve month low of $7.24 and a twelve month high of $15.90. The stock’s 50-day simple moving average is $11.42 and its 200 day simple moving average is $9.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZETA. Praesidium Investment Management Company LLC increased its holdings in shares of Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after acquiring an additional 5,806,578 shares in the last quarter. Capital World Investors bought a new stake in Zeta Global during the 4th quarter valued at $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global during the fourth quarter worth $19,682,000. Massachusetts Financial Services Co. MA bought a new position in shares of Zeta Global in the fourth quarter valued at $18,664,000. Finally, Granahan Investment Management LLC grew its holdings in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares during the last quarter. 75.82% of the stock is 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.