Truist Financial Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Truist Financial restated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a $35.00 target price on the stock, up from their previous target price of $30.00.

A number of other equities analysts also recently weighed in on the stock. Bank of America boosted their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a buy rating in a report on Thursday, September 26th. Canaccord Genuity Group increased their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, September 6th. Morgan Stanley cut shares of 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 report on Thursday, August 1st. Barclays increased their price objective on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a report on Thursday, August 1st. Finally, Needham & Company LLC boosted their target price on Zeta Global from $28.00 to $33.00 and gave the company a buy rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $33.33.

Zeta Global Stock Up 1.1 %

Zeta Global stock opened at $29.83 on Friday. 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 market cap of $6.56 billion, a PE ratio of -28.14 and a beta of 1.26. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $32.11. The firm’s 50-day simple moving average is $25.10 and its 200 day simple moving average is $18.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after purchasing an additional 370,912 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after buying an additional 276,294 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Zeta Global during the 1st quarter worth $4,113,000. Scalar Gauge Management LLC bought a new position in Zeta Global in the fourth quarter valued at $6,411,000. Finally, Granahan Investment Management LLC raised its position in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 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.