Zeta Global (NYSE:ZETA) Given New $33.00 Price Target at Freedom Broker

Zeta Global (NYSE:ZETA) had its price target boosted by Freedom Broker from $29.00 to $33.00 in a report issued on Friday,Benzinga reports. Freedom Broker currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Bank of America boosted their target price on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. B. Riley Financial lifted their price objective on shares of Zeta Global from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. DA Davidson lifted their price objective on shares of Zeta Global from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a research report on Tuesday, November 10th. Finally, Canaccord Genuity Group increased their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.94.

Zeta Global Trading Down 2.0%

NYSE ZETA traded down $0.73 during trading hours on Friday, hitting $36.54. 6,224,481 shares of the company were exchanged, compared to its average volume of 5,687,136. The stock has a 50-day moving average price of $32.14 and a 200 day moving average price of $23.14. The company has a quick ratio of 2.38, a current ratio of 2.30 and a debt-to-equity ratio of 0.24. Zeta Global has a 52 week low of $14.36 and a 52 week high of $38.80. The stock has a market cap of $9.17 billion, a PE ratio of 261.01, a price-to-earnings-growth ratio of 3.55 and a beta of 1.25.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The business had revenue of $492.66 million for the quarter, compared to the consensus estimate of $471.08 million. Zeta Global had a return on equity of 10.87% and a net margin of 2.30%. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. Analysts forecast that Zeta Global will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. raised its holdings in shares of Zeta Global by 45.0% in the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock worth $32,000 after buying an additional 318 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after acquiring an additional 1,406 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in Zeta Global by 66.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock valued at $34,000 after acquiring an additional 867 shares during the period. Signaturefd LLC boosted its holdings in Zeta Global by 121.6% during the 3rd quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock valued at $36,000 after acquiring an additional 630 shares during the period. Finally, GK Wealth Management LLC purchased a new position in Zeta Global during the 3rd quarter valued at $37,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global News Summary

Here’s some of the latest news about ZETA:

• Positive Sentiment: Zacks Research upgraded Zeta from “hold” to “strong buy.” RBC Capital reaffirmed its “buy” rating and raised its price target, while Morgan Stanley and Citigroup coverage also pointed to potential price appreciation. Zacks Research upgrade RBC Capital rating Morgan Stanley outlook Citigroup outlook
• Positive Sentiment: Recent analysis highlights accelerating revenue growth, greater Athena AI adoption and strong cash flow. Zeta was also described as holding up amid a selloff in AI stocks, which may support investor confidence in its growth prospects. Zacks growth and valuation analysis AI stocks holding up
• Negative Sentiment: Freedom Broker raised its target from $29 to $33 but kept a “hold” rating; that target is below the cited share price. Other coverage cautions that Zeta’s premium valuation leaves less room for execution missteps despite strong growth. Freedom Broker rating Zacks valuation and execution risks

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle. The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.