Barclays Increases Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price objective hoisted by equities research analysts at Barclays from $15.00 to $18.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 15.61% from the company’s previous close.

Several other brokerages have also weighed in on ZETA. Canaccord Genuity Group upped their price objective on Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm restated a “buy” rating and set a $21.00 price objective on shares of Zeta Global in a research report on Tuesday. Needham & Company LLC boosted their target price on shares of Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer raised their target price on shares of Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Craig Hallum increased their price objective on Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.75.

Zeta Global Stock Performance

ZETA stock opened at $15.57 on Tuesday. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90. The company has a market capitalization of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. The company has a 50-day simple moving average of $11.42 and a 200 day simple moving average of $9.82. 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 (NASDAQ:ZETA) last posted 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 business 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 business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share. Sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

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