Zeta Global (NYSE:ZETA) Price Target Raised to $42.00

Zeta Global (NYSE:ZETA) had its price target increased by DA Davidson from $39.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on ZETA. Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. Craig Hallum raised their price target on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Canaccord Genuity Group increased their target price on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC boosted their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Stock Down 2.1 %

Shares of Zeta Global stock opened at $17.39 on Tuesday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $28.72 and its 200-day simple moving average is $22.44.

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

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global in the third quarter worth $26,000. Farther Finance Advisors LLC raised its holdings in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd lifted its position in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, Quest Partners LLC boosted its holdings in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.