Zeta Global (NYSE:ZETA) Price Target Raised to $30.00

Zeta Global (NYSE:ZETAFree Report) had its price target upped by Needham & Company LLC from $25.00 to $30.00 in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

ZETA has been the subject of a number of other research reports. Bank of America raised their price target on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. KeyCorp boosted their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. Freedom Capital upgraded shares of Zeta Global to a “strong-buy” rating in a report on Monday, June 29th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of Zeta Global in a research report on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.62.

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Zeta Global Stock Up 4.1%

Shares of NYSE:ZETA opened at $26.60 on Wednesday. The stock’s 50-day moving average is $21.35 and its 200 day moving average is $18.88. The company has a market cap of $6.63 billion, a PE ratio of -1,329.95, a P/E/G ratio of 3.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Zeta Global has a 1 year low of $14.36 and a 1 year high of $28.50.

Zeta Global (NYSE:ZETAGet Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $420.61 million. Zeta Global had a positive return on equity of 5.55% and a negative net margin of 0.15%.The company’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. Sell-side analysts anticipate that Zeta Global will post 0.21 EPS for the current year.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of Zeta Global by 4.8% in the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after purchasing an additional 560 shares during the last quarter. Verus Capital Partners LLC boosted its stake in Zeta Global by 1.2% in the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after purchasing an additional 600 shares in the last quarter. Essential Partners LLC grew its position in Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock valued at $43,000 after purchasing an additional 630 shares during the last quarter. SlateStone Wealth LLC increased its stake in Zeta Global by 3.9% during the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after purchasing an additional 750 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Zeta Global by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after purchasing an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Key Zeta Global News

Here are the key news stories impacting Zeta Global this week:

About Zeta Global

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Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

Further Reading

Analyst Recommendations for Zeta Global (NYSE:ZETA)

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