Zeta Global (NASDAQ:ZETA) PT Raised to $18.00

Zeta Global (NASDAQ:ZETA) had its price target hoisted by research analysts at Oppenheimer from $14.00 to $18.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 15.61% from the company’s previous close.

ZETA has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price 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 research report on Tuesday, January 30th. DA Davidson assumed coverage on Zeta Global in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. Finally, Barclays boosted their price objective on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.75.

Zeta Global Price Performance

ZETA stock opened at $15.57 on Tuesday. Zeta Global has a 1 year low of $7.24 and a 1 year high of $15.90. The firm has a market capitalization of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The business has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $9.82.

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 business 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 company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company earned ($0.38) EPS. Equities research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares in the last quarter. Granahan Investment Management LLC grew its stake in shares of Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring 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 fourth 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 during the period. Capital World Investors acquired a new stake in shares of Zeta Global in the fourth quarter valued at $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in Zeta Global in the fourth quarter valued at $19,682,000. 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.