Zeta Global (NASDAQ:ZETA) Rating Reiterated by B. Riley

B. Riley reaffirmed their buy rating on shares of Zeta Global (NASDAQ:ZETA) in a research report report published on Thursday morning, Benzinga reports. B. Riley currently has a $30.00 price target on the stock, up from their prior price target of $24.00.

Several other brokerages also recently commented on ZETA. Barclays raised their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock an overweight rating in a report on Tuesday, May 7th. DA Davidson boosted their target price on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Truist Financial reaffirmed a buy rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a research note on Thursday. Morgan Stanley downgraded Zeta Global from an overweight rating to an equal weight rating and boosted their target price for the stock from $18.00 to $30.00 in a research note on Thursday. Finally, Canaccord Genuity Group boosted their price target on Zeta Global from $20.00 to $28.00 and gave the stock a buy rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $28.00.

Zeta Global Trading Down 4.1 %

Shares of NASDAQ:ZETA opened at $23.01 on Thursday. Zeta Global has a 1 year low of $7.24 and a 1 year high of $25.53. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $17.96 and a 200 day moving average price of $13.93. The stock has a market capitalization of $5.03 billion, a PE ratio of -21.71 and a beta of 1.23.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 83.92%. The business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the prior year, the company posted ($0.32) EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. Analysts expect that Zeta Global will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Zeta Global during the 4th quarter valued at $203,000. Blue Trust Inc. raised its holdings in Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after acquiring an additional 2,037 shares during the last quarter. Arizona State Retirement System lifted its position in Zeta Global by 5.4% during the fourth quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock valued at $382,000 after purchasing an additional 2,215 shares during the period. Optas LLC bought a new stake in Zeta Global during the fourth quarter valued at approximately $88,000. Finally, Mackenzie Financial Corp grew its stake in shares of Zeta Global by 19.6% during the 4th quarter. Mackenzie Financial Corp now owns 147,928 shares of the company’s stock valued at $1,305,000 after acquiring an additional 24,273 shares during the period. 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.