Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.00 at Morgan Stanley

Zeta Global (NASDAQ:ZETA) had its price objective upped by equities research analysts at Morgan Stanley from $17.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 15.61% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group raised their price objective on Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Bank of America lifted their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson increased their price target on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer boosted their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $18.75.

Zeta Global Stock Up 1.2 %

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

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Zeta Global’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted ($0.38) EPS. As a group, equities research analysts anticipate that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of ZETA. Halpern Financial Inc. increased its position in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after buying an additional 830 shares in the last quarter. Optas LLC purchased a new position in Zeta Global during the fourth quarter valued at approximately $88,000. Blue Trust Inc. boosted its position in shares of Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after purchasing an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth $100,000. Finally, SlateStone Wealth LLC purchased a new position in shares of Zeta Global during the 1st quarter valued at $135,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.