Needham & Company LLC Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its target price increased by Needham & Company LLC from $36.00 to $43.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the company. KeyCorp assumed coverage on Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price objective on the stock. Bank of America raised their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Truist Financial reiterated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a report on Friday, October 18th. Finally, Craig Hallum upped their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $17.39 on Tuesday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. The stock’s 50-day moving average is $28.72 and its 200 day moving average 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. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the business posted ($0.27) earnings per share. The company’s revenue was up 42.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several institutional investors and hedge funds have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC purchased a new position in Zeta Global during the third quarter valued at $26,000. Quest Partners LLC increased 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 worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd boosted its stake in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the period. 75.82% of the stock is currently owned by hedge funds and other 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.