Morgan Stanley Raises Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price target raised by equities research analysts at Morgan Stanley from $17.00 to $18.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 15.98% from the company’s previous close.

Several other equities research analysts have also commented on ZETA. Barclays upped their price objective on Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $21.00 price objective on shares of Zeta Global in a research note on Tuesday. DA Davidson lifted their price target on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Craig Hallum increased their price objective on shares of Zeta Global from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.75.

Zeta Global Stock Up 19.4 %

Shares of ZETA traded up $2.52 during mid-day trading on Tuesday, hitting $15.52. 6,902,902 shares of the company traded hands, compared to its average volume of 1,543,716. Zeta Global has a 1-year low of $7.24 and a 1-year high of $15.90. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.39 billion, a PE ratio of -12.78 and a beta of 1.12. The business has a 50 day moving average of $11.33 and a 200 day moving average of $9.77.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same quarter in the prior year, the company earned ($0.38) EPS. Zeta Global’s quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Swiss National Bank grew its stake in Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after buying an additional 4,000 shares during the last quarter. George Kaiser Family Foundation grew its stake in Zeta Global by 8.2% during the 1st quarter. George Kaiser Family Foundation now owns 256,838 shares of the company’s stock worth $2,807,000 after buying an additional 19,455 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in Zeta Global by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after buying an additional 1,233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Zeta Global by 9.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after buying an additional 3,295 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Zeta Global by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 18,894 shares of the company’s stock worth $207,000 after buying an additional 2,997 shares during the last quarter. 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.