Oppenheimer Boosts Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its target price lifted by Oppenheimer from $14.00 to $18.00 in a research note published on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on ZETA. DA Davidson initiated coverage on Zeta Global in a research note on Wednesday, April 3rd. They issued a buy rating and a $15.00 price objective on the stock. Needham & Company LLC restated a buy rating and issued a $13.00 price objective on shares of Zeta Global in a research note on Wednesday, February 28th. Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and upped their price objective for the stock from $12.00 to $17.00 in a report on Thursday, April 4th. TheStreet upgraded shares of Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. Finally, William Blair restated an outperform rating on shares of Zeta Global in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of $18.75.

Zeta Global Stock Performance

ZETA stock opened at $15.79 on Tuesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -14.90 and a beta of 1.12. The firm has a 50 day moving average of $11.63 and a two-hundred day moving average of $9.90. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global has a 12 month low of $7.24 and a 12 month high of $15.90.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same period in the prior year, the company posted ($0.38) earnings per share. Zeta Global’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its stake in Zeta Global by 530.9% during the third quarter. Commonwealth Equity Services LLC now owns 157,802 shares of the company’s stock valued at $1,318,000 after acquiring an additional 132,789 shares during the period. Independent Advisor Alliance bought a new stake in shares of Zeta Global during the third quarter valued at approximately $207,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Zeta Global by 37.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock valued at $278,000 after purchasing an additional 9,027 shares in the last quarter. Mackenzie Financial Corp lifted its position in Zeta Global by 24.4% in the third quarter. Mackenzie Financial Corp now owns 123,655 shares of the company’s stock worth $992,000 after purchasing an additional 24,283 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Zeta Global by 27.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock worth $316,000 after buying an additional 8,067 shares in the last quarter. 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.