Craig Hallum Raises Zeta Global (NYSE:ZETA) Price Target to $37.00

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

ZETA has been the subject of several other reports. B. Riley restated a buy rating and set a $30.00 target price (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Barclays raised their target price on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Oppenheimer lifted their price target on Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Morgan Stanley downgraded Zeta Global from an overweight rating to an equal weight rating and lifted their price target for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Truist Financial reiterated a buy rating and issued a $30.00 price target (up from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $32.50.

Zeta Global Stock Down 0.8 %

Shares of Zeta Global stock opened at $29.51 on Friday. The business has a 50-day moving average of $24.92 and a 200-day moving average of $18.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $6.46 billion, a PE ratio of -27.84 and a beta of 1.26. Zeta Global has a 1-year low of $7.38 and a 1-year high of $32.11.

Zeta Global (NYSE:ZETA) last announced its 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). The business had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. As a group, equities 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 large investors have recently bought and sold shares of ZETA. Capital World Investors bought a new position in Zeta Global in the fourth quarter worth about $23,560,000. CastleKnight Management LP lifted its holdings in Zeta Global by 94.7% in the fourth quarter. CastleKnight Management LP now owns 88,400 shares of the company’s stock worth $780,000 after acquiring an additional 43,000 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Zeta Global by 5.2% in the fourth quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock worth $488,000 after acquiring an additional 2,748 shares during the last quarter. Scalar Gauge Management LLC bought a new position in Zeta Global in the fourth quarter worth about $6,411,000. Finally, Granahan Investment Management LLC lifted its holdings in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. 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.