Canaccord Genuity Group Boosts Zeta Global (NYSE:ZETA) Price Target to $28.00

Zeta Global (NYSE:ZETA) had its price objective boosted by Canaccord Genuity Group from $24.00 to $28.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on the company. Truist Financial reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America upped their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lifted their target price on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Trading Up 4.9 %

Shares of ZETA opened at $23.10 on Wednesday. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50-day moving average of $28.32 and a two-hundred day moving average of $22.74.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. As a group, equities research analysts expect that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Zeta Global

In other news, Director Imran Khan purchased 55,000 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock worth $2,471,244 in the last ninety days. Insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Zeta Global in the third quarter worth $757,000. Invst LLC purchased a new stake in Zeta Global during the 3rd quarter worth $959,000. Geode Capital Management LLC increased its holdings in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Barclays PLC raised its position in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Zeta Global during the third quarter worth about $734,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.