Needham & Company LLC Boosts Zeta Global (NASDAQ:ZETA) Price Target to $33.00

Zeta Global (NASDAQ:ZETA) had its target price raised by research analysts at Needham & Company LLC from $28.00 to $33.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 27.02% from the company’s current price.

A number of other analysts have also weighed in on the stock. Bank of America raised their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada boosted their target price on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Morgan Stanley downgraded shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $18.00 to $30.00 in a report on Thursday, August 1st. B. Riley restated a “buy” rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Oppenheimer raised their target price on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global currently has an average rating of “Buy” and an average target price of $28.83.

Zeta Global Trading Up 3.7 %

Zeta Global stock traded up $0.92 during mid-day trading on Monday, reaching $25.98. 1,711,132 shares of the company traded hands, compared to its average volume of 2,302,425. The firm’s 50 day moving average price is $22.01 and its 200 day moving average price is $16.50. Zeta Global has a 52-week low of $7.38 and a 52-week high of $27.39. 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 firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of -24.51 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter last year, the company posted ($0.32) EPS. The firm’s revenue was up 32.6% on a year-over-year basis. On average, analysts anticipate that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. George Kaiser Family Foundation grew its stake in Zeta Global by 891.8% in the fourth quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock worth $2,094,000 after purchasing an additional 213,448 shares in the last quarter. Vanguard Group Inc. grew its stake in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Zeta Global during the first quarter valued at about $4,113,000. Finally, Scalar Gauge Management LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at about $6,411,000. 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.