Zeta Global (NASDAQ:ZETA) Price Target Increased to $30.00 by Analysts at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its target price increased by Canaccord Genuity Group from $28.00 to $30.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

ZETA has been the subject of several other research reports. Truist Financial reiterated a buy rating and issued a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. Needham & Company LLC restated a buy rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, August 21st. Roth Mkm raised their target price on shares of Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Oppenheimer upped their target price on shares of Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $28.42.

Zeta Global Stock Down 6.6 %

ZETA stock opened at $25.07 on Friday. The firm has a market capitalization of $5.49 billion, a PE ratio of -23.65 and a beta of 1.26. 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 $22.01 and its 200 day simple moving average is $16.41. Zeta Global has a 1-year low of $7.38 and a 1-year high of $27.39.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period in the previous year, the company posted ($0.32) EPS. The company’s quarterly revenue was up 32.6% on a year-over-year basis. As a group, research analysts anticipate that Zeta Global will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Praesidium Investment Management Company LLC lifted its position in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares during the period. Capital World Investors bought a new stake in Zeta Global during the 4th quarter valued at approximately $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in Zeta Global during the 4th quarter valued at approximately $19,682,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Zeta Global during the 4th quarter worth approximately $18,664,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Zeta Global by 1,444.8% in the 2nd 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 in the last quarter. 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.