Zeta Global (NASDAQ:ZETA) Price Target Increased to $17.00 by Analysts at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its price target increased by analysts at Canaccord Genuity Group from $13.00 to $17.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 9.18% from the company’s current price.

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

Zeta Global Stock Up 1.2 %

NASDAQ:ZETA opened at $15.57 on Tuesday. The stock’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $9.82. The firm 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 quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global has a 12-month low of $7.24 and a 12-month high of $15.90.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million for 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%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) earnings per share. Equities research analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after acquiring an additional 370,912 shares in the last quarter. Granahan Investment Management LLC grew its stake in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC increased its position 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 worth $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Capital World Investors bought a new stake in shares of Zeta Global during the 4th quarter worth approximately $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in shares of Zeta Global in the 4th quarter valued at approximately $19,682,000. 75.82% of the stock is owned by institutional investors.

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.