Zeta Global (NYSE:ZETA) Receives “Buy” Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Friday, Benzinga reports. The firm currently has a $35.00 price objective on the stock, up from their prior price objective of $30.00.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Zeta Global from $29.00 to $34.00 and gave the company an outperform rating in a research report on Friday. Morgan Stanley cut shares of Zeta Global from an overweight rating to an equal weight rating and upped their price target for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Oppenheimer upped their price target on shares of Zeta Global from $20.00 to $29.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Needham & Company LLC upped their price target on shares of Zeta Global from $28.00 to $33.00 and gave the company a buy rating in a research report on Monday, September 9th. Finally, Barclays upped their price target on shares of Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $32.50.

Zeta Global Price Performance

ZETA stock opened at $29.50 on Friday. The company has a 50 day simple moving average of $24.92 and a 200 day simple moving average of $18.25. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of -27.83 and a beta of 1.26. Zeta Global has a 1 year low of $7.38 and a 1 year 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.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC boosted its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. boosted its stake in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Zeta Global during the second quarter worth $99,000. Amalgamated Bank boosted its stake in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Zeta Global during the second quarter worth $105,000. 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.