Zeta Global (NYSE:ZETA) Shares Gap Up Following Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up prior to trading on Thursday after Barclays raised their price target on the stock from $28.00 to $32.00. The stock had previously closed at $17.76, but opened at $19.12. Barclays currently has an equal weight rating on the stock. Zeta Global shares last traded at $16.88, with a volume of 7,662,523 shares traded.

Several other research firms have also issued reports on ZETA. Morgan Stanley increased their price objective on shares of Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada raised their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. Needham & Company LLC raised 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. Finally, Roth Mkm raised their price target on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the 3rd quarter worth about $26,000. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 1,360 shares during the last quarter. Covestor Ltd lifted its position in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

The stock’s 50-day moving average price is $28.72 and its 200-day moving average price is $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. The company has a market capitalization of $3.82 billion, a P/E ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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). The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) earnings per share. As a group, equities analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

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.