Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.00 at Needham & Company LLC

Zeta Global (NASDAQ:ZETA) had its price objective upped by Needham & Company LLC from $13.00 to $18.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts also recently commented on ZETA. Oppenheimer raised their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday. TheStreet upgraded Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. DA Davidson started coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They issued a buy rating and a $15.00 price objective for the company. William Blair reissued an outperform rating on shares of Zeta Global in a research report on Wednesday, February 28th. Finally, Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and upped their price target for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Stock Up 18.2 %

Shares of ZETA opened at $15.37 on Tuesday. The firm has a fifty day moving average price of $11.33 and a 200-day moving average price of $9.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. Zeta Global has a 12-month low of $7.24 and a 12-month high of $15.90.

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

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently bought and sold shares of the company. Praesidium Investment Management Company LLC lifted its holdings in shares of Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Capital World Investors acquired a new position in Zeta Global during the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd purchased a new stake in Zeta Global in the fourth quarter valued at about $19,682,000. Massachusetts Financial Services Co. MA acquired a new stake in Zeta Global in the fourth quarter worth about $18,664,000. Finally, Granahan Investment Management LLC grew its stake in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.