Zeta Global’s (ZETA) “Buy” Rating Reaffirmed at Roth Mkm

Zeta Global (NASDAQ:ZETA)‘s stock had its “buy” rating reissued by Roth Mkm in a research report issued on Tuesday, Benzinga reports. They currently have a $21.00 target price on the stock. Roth Mkm’s target price indicates a potential upside of 34.87% from the company’s previous close.

Other equities analysts have also issued reports about the stock. DA Davidson lifted their price target on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer upped their target price on Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group raised their price target on Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America upped their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC lifted their target price on shares of Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $18.75.

Zeta Global Trading Up 1.2 %

Shares of NASDAQ:ZETA opened at $15.57 on Tuesday. Zeta Global has a 12-month low of $7.24 and a 12-month high of $15.90. The business’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $9.82. The company has a market capitalization of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02.

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

Institutional Trading of Zeta Global

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