Canaccord Genuity Group Boosts Zeta Global (NYSE:ZETA) Price Target to $28.00

Zeta Global (NYSE:ZETA) had its target price upped by Canaccord Genuity Group from $24.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently commented on ZETA. B. Riley lifted their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Craig Hallum raised their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. 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 research report on Tuesday, November 12th. Oppenheimer raised their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America lifted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three investment 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 stock. According to MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Zeta Global Trading Up 3.0 %

Shares of ZETA opened at $22.38 on Wednesday. The firm’s fifty day moving average is $28.11 and its two-hundred day moving average is $22.85. The stock has a market cap of $5.31 billion, a PE ratio of -31.97 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 45.22% and a negative net margin of 13.35%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Research analysts forecast that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

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