Craig Hallum Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its target price upped by Craig Hallum from $37.00 to $45.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on ZETA. Oppenheimer lifted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial reissued a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. DA Davidson raised their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp assumed coverage on Zeta Global in a report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target for the company. Finally, B. Riley raised their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Buy” and a consensus price target of $39.08.

Zeta Global Price Performance

ZETA stock opened at $28.22 on Tuesday. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20. The stock has a market capitalization of $6.21 billion, a PE ratio of -32.07 and a beta of 1.29. The company’s 50-day moving average is $29.05 and its 200-day moving average is $22.51. 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 announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the business posted ($0.27) EPS. The company’s revenue was up 42.0% on a year-over-year basis. Equities research analysts expect that Zeta Global will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC grew its position in shares of Zeta Global by 3.1% in the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the third quarter worth approximately $26,000. Amalgamated Bank raised its stake in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

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.