Zeta Global (NYSE:ZETA) Price Target Raised to $43.00

Zeta Global (NYSE:ZETA) had its price objective raised by Needham & Company LLC from $36.00 to $43.00 in a report released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

ZETA has been the subject of several other research reports. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Friday, October 18th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America lifted their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. DA Davidson increased their price target on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Performance

ZETA stock opened at $17.59 on Tuesday. The stock has a 50-day moving average price of $28.57 and a two-hundred day moving average price of $22.48. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

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

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. Barclays PLC grew its holdings in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after buying an additional 112,238 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Zeta Global in the third quarter valued at about $734,000. State Street Corp increased its position in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares during the period. HighTower Advisors LLC raised its stake in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in Zeta Global in the 3rd quarter valued at about $571,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.