DA Davidson Boosts Zeta Global (NASDAQ:ZETA) Price Target to $19.00

Zeta Global (NASDAQ:ZETA) had its target price lifted by DA Davidson from $15.00 to $19.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 22.03% from the company’s previous close.

Several other brokerages also recently weighed in on ZETA. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Needham & Company LLC lifted their price target on Zeta Global from $13.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer increased their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays boosted their price target on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Bank of America raised their price target on Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global has a consensus rating of “Buy” and a consensus price target of $18.75.

Zeta Global Stock Up 1.2 %

NASDAQ:ZETA opened at $15.57 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $11.42 and a 200-day moving average of $9.82. The firm has a market capitalization of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. Zeta Global has a 52 week low of $7.24 and a 52 week high of $15.90.

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

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Entropy Technologies LP acquired a new position in shares of Zeta Global in the 1st quarter worth approximately $153,000. ProShare Advisors LLC boosted its holdings in Zeta Global by 9.7% during the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after buying an additional 2,236 shares in the last quarter. Russell Investments Group Ltd. grew its position in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after buying an additional 276,294 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Zeta Global in the first quarter valued at $955,000. Finally, Swiss National Bank lifted its position in shares of Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,000 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.