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

Zeta Global (NYSE:ZETA) had its target price raised by Craig Hallum from $35.00 to $37.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on ZETA. Oppenheimer upped their price objective on Zeta Global from $20.00 to $29.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Barclays upped their price objective on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Needham & Company LLC upped their price objective on Zeta Global from $28.00 to $33.00 and gave the company a buy rating in a research note on Monday, September 9th. Truist Financial restated a buy rating and set a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. Finally, DA Davidson upped their price objective on Zeta Global from $30.00 to $35.00 and gave the company a buy rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of Buy and a consensus target price of $32.50.

Zeta Global Trading Down 0.8 %

Shares of ZETA opened at $29.50 on Friday. The company has a market capitalization of $6.49 billion, a P/E ratio of -27.83 and a beta of 1.26. Zeta Global has a one year low of $7.38 and a one year high of $32.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50-day moving average price of $24.92 and a 200 day moving average price of $18.25.

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

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zeta Global in the 2nd quarter worth approximately $7,713,000. Point72 Asset Management L.P. grew its holdings in Zeta Global by 10.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after buying an additional 5,259 shares in the last quarter. Algert Global LLC grew its holdings in Zeta Global by 23.1% in the 2nd quarter. Algert Global LLC now owns 118,667 shares of the company’s stock worth $2,094,000 after buying an additional 22,237 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Zeta Global by 18.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock worth $1,821,000 after buying an additional 15,800 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Zeta Global in the 2nd quarter worth approximately $265,000. 75.82% of the stock is owned by 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.