Zeta Global (NYSE:ZETA) Price Target Raised to $33.00

Zeta Global (NYSE:ZETA) had its price target raised by analysts at Morgan Stanley from $25.00 to $33.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley‘s price target indicates a potential downside of 13.12% from the stock’s previous close.

ZETA has been the topic of a number of other reports. Bank of America upped their target price on shares of Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. B. Riley Financial raised their price target on shares of Zeta Global from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group upgraded shares of Zeta Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $45.00 in a research report on Friday, October 16th. Royal Bank Of Canada upped their price objective on Zeta Global from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Citigroup increased their price objective on Zeta Global from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $38.25.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $2.92 during trading on Wednesday, reaching $37.98. The company’s stock had a trading volume of 5,441,294 shares, compared to its average volume of 8,152,898. The stock has a 50-day moving average price of $31.80 and a two-hundred day moving average price of $22.90. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global has a one year low of $14.36 and a one year high of $38.46. The stock has a market capitalization of $9.53 billion, a P/E ratio of 272.96, a price-to-earnings-growth ratio of 4.58 and a beta of 1.25.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.10. The business had revenue of $492.66 million for the quarter, compared to the consensus estimate of $471.08 million. Zeta Global had a net margin of 2.30% and a return on equity of 11.27%. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. As a group, sell-side analysts anticipate that Zeta Global will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of the business. MGO One Seven LLC raised its stake in shares of Zeta Global by 2.8% during the third quarter. MGO One Seven LLC now owns 11,089 shares of the company’s stock worth $350,000 after buying an additional 299 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Zeta Global by 45.0% in the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock valued at $32,000 after acquiring an additional 318 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after acquiring an additional 469 shares during the last quarter. Versant Capital Management Inc grew its holdings in Zeta Global by 54.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Zeta Global by 50.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,778 shares of the company’s stock worth $56,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global News Roundup

Here’s some of the latest news about ZETA:

• Positive Sentiment: Zeta reported Q3 adjusted EPS of $0.38, beating the $0.28 consensus, while revenue of $492.66 million topped estimates of $471.08 million and grew 46.1% year over year. The company also reported positive GAAP net income and called it its 21st consecutive “beat and raise” quarter. Zeta Global Q3 results
• Positive Sentiment: Management pointed to increased adoption of its AI-powered Athena platform and enterprise opportunities; third-quarter requests for proposals rose more than 100% year over year, supporting the growth outlook. Q3 earnings call highlights
• Positive Sentiment: Analysts raised targets: RBC to $41 and B. Riley to $39, both retaining favorable ratings. Unusually high call-option buying also indicated increased bullish trading interest, though options activity can be speculative. Unusually high call option buying

About Zeta Global

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.