Zeta Global (NASDAQ:ZETA) PT Raised to $19.00 at DA Davidson

Zeta Global (NASDAQ:ZETA) had its price target upped by analysts at DA Davidson from $15.00 to $19.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 22.03% from the stock’s previous close.

Several other equities research analysts also recently weighed in on ZETA. Bank of America increased their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC lifted their target price on Zeta Global from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $17.00 in a research note on Thursday, April 4th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, Barclays raised their target price on shares of Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.75.

Zeta Global Stock Up 1.2 %

Zeta Global stock opened at $15.57 on Tuesday. The company has a market capitalization of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90. The stock has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $9.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Halpern Financial Inc. grew its holdings in shares of Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares during the period. Optas LLC purchased a new stake in Zeta Global during the fourth quarter worth $88,000. Blue Trust Inc. grew its holdings in Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Zeta Global in the fourth quarter valued at $100,000. Finally, SlateStone Wealth LLC acquired a new position in shares of Zeta Global during the 1st quarter worth $135,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.