Zeta Global (NYSE:ZETA) Price Target Raised to $41.00 at Morgan Stanley

Zeta Global (NYSE:ZETA) had its price objective increased by investment analysts at Morgan Stanley from $30.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 135.77% from the stock’s current price.

ZETA has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a report on Friday, October 18th. Craig Hallum boosted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Zeta Global Trading Down 2.1 %

Zeta Global stock opened at $17.39 on Wednesday. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The stock has a market cap of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29. The stock has a 50-day moving average price of $28.72 and a 200 day moving average price of $22.44. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) EPS. Equities research analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Vanguard Group Inc. lifted its holdings in Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after purchasing an additional 431,077 shares during the last quarter. FMR LLC raised its stake in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after acquiring an additional 77,962 shares during the period. Summit Partners Public Asset Management LLC lifted its stake in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.