Zeta Global (NYSE:ZETA) PT Raised to $37.00

Zeta Global (NYSE:ZETA) had its price objective hoisted by equities researchers at B. Riley from $30.00 to $37.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 24.71% from the stock’s current price.

Several other research analysts also recently issued reports on ZETA. Truist Financial reissued a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Needham & Company LLC raised their price objective on shares of Zeta Global from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer raised their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Craig Hallum lifted their target price on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, DA Davidson lifted their target price on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $34.25.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $29.67 on Monday. The company’s fifty day moving average price is $25.26 and its 200 day moving average price is $18.63. Zeta Global has a 12 month low of $7.38 and a 12 month high of $32.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $6.53 billion, a P/E ratio of -27.99 and a beta of 1.26.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Zeta Global’s revenue was up 32.6% compared to the same quarter last year. As a group, sell-side analysts predict that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of the business. Capital World Investors purchased a new position in shares of Zeta Global in the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd bought a new position in shares of Zeta Global during the fourth quarter worth about $19,682,000. D. E. Shaw & Co. Inc. grew its position in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC bought a new position in Zeta Global in the 2nd quarter valued at about $28,698,000. Finally, Granahan Investment Management LLC grew its position in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.