Zeta Global (NASDAQ:ZETA) PT Raised to $22.00

Zeta Global (NASDAQ:ZETA) had its target price hoisted by research analysts at Craig Hallum from $15.00 to $22.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price target would suggest a potential upside of 41.30% from the stock’s current price.

A number of other research analysts also recently commented on ZETA. Bank of America boosted their price target on Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group upped their price target on shares of Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Oppenheimer upped their target price on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, 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 research note on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.75.

Zeta Global Price Performance

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. The firm has a market cap of $3.40 billion, a price-to-earnings 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. The firm’s 50-day simple moving average is $11.42 and its 200 day simple moving average is $9.82.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share 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 the consensus estimate of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.38) earnings per share. As a group, sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Insight Wealth Strategies LLC bought a new stake in shares of Zeta Global during the fourth quarter worth about $922,000. Legato Capital Management LLC acquired a new stake in Zeta Global during the 4th quarter worth approximately $929,000. Vanguard Group Inc. grew its holdings in Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after acquiring an additional 991,678 shares during the last quarter. Blue Trust Inc. increased its position in Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Zeta Global by 97.2% during the third quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock worth $5,541,000 after purchasing an additional 327,100 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.