Zeta Global (NASDAQ:ZETA) Price Target Raised to $22.00

Zeta Global (NASDAQ:ZETA) had its target price lifted by Craig Hallum from $15.00 to $22.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. TheStreet raised Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. Needham & Company LLC lifted their price objective on shares of Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. William Blair reissued an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Bank of America lifted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock a buy rating in a research report on Tuesday. Finally, DA Davidson increased their price objective on Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research report on Tuesday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Zeta Global currently has an average rating of Buy and a consensus target price of $18.75.

Zeta Global Stock Up 1.4 %

ZETA stock opened at $15.79 on Tuesday. The firm’s 50-day moving average is $11.63 and its two-hundred day moving average is $9.90. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -14.90 and a beta of 1.12. Zeta Global has a 52 week low of $7.24 and a 52 week high of $15.90. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. During the same quarter in the previous year, the company earned ($0.38) earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. Halpern Financial Inc. raised its position in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares during the period. Optas LLC purchased a new position in Zeta Global during the 4th quarter valued at about $88,000. Blue Trust Inc. increased its holdings in shares of Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth approximately $100,000. Finally, SlateStone Wealth LLC purchased a new position in Zeta Global during the first quarter valued at approximately $135,000. Hedge funds and other 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.