Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.50 at B. Riley

Zeta Global (NASDAQ:ZETA) had its price target boosted by B. Riley from $15.50 to $18.50 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently commented on ZETA. Morgan Stanley raised Zeta Global from an equal weight rating to an overweight rating and increased their price target for the company from $12.00 to $17.00 in a research report on Thursday, April 4th. Roth Mkm reissued a buy rating and set a $21.00 price target on shares of Zeta Global in a research report on Tuesday. Barclays increased their price target on Zeta Global from $15.00 to $18.00 and gave the company an overweight rating in a research report on Tuesday. Oppenheimer increased their price target on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday. Finally, TheStreet raised Zeta Global from a d+ rating to a c- rating in a research report on Tuesday, January 30th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

ZETA stock opened at $15.37 on Tuesday. 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 business has a 50-day moving average of $11.33 and a 200-day moving average of $9.77. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data 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. The company had revenue of $195.00 million during 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%. Zeta Global’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) earnings per share. On average, equities analysts anticipate that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. Commonwealth Equity Services LLC lifted its holdings in Zeta Global by 530.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 157,802 shares of the company’s stock worth $1,318,000 after purchasing an additional 132,789 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Zeta Global during the 3rd quarter worth approximately $207,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zeta Global by 37.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock worth $278,000 after purchasing an additional 9,027 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Zeta Global by 24.4% during the 3rd 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 last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Zeta Global by 27.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock worth $316,000 after purchasing an additional 8,067 shares during the last quarter. 75.82% of the stock is 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.