Bank of America Boosts Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price objective hoisted by Bank of America from $15.00 to $18.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. Oppenheimer lifted their price objective on Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday. Barclays upped their price target on shares of Zeta Global from $14.00 to $15.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and increased their price objective for the company from $12.00 to $17.00 in a research report on Thursday, April 4th. TheStreet raised shares of Zeta Global from a d+ rating to a c- rating in a report on Tuesday, January 30th. Finally, DA Davidson began coverage on shares of Zeta Global in a report on Wednesday, April 3rd. They set a buy rating and a $15.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $18.75.

Zeta Global Stock Up 1.4 %

NASDAQ:ZETA opened at $15.79 on Tuesday. 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 firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $9.90. The company has a market capitalization of $3.45 billion, a PE ratio of -14.90 and a beta of 1.12. Zeta Global has a 1-year low of $7.24 and a 1-year high of $15.90.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share 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 for the quarter, compared to analysts’ expectations of $187.16 million. During the same quarter in the prior year, the company earned ($0.38) earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in ZETA. Halpern Financial Inc. grew its holdings in shares of 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 acquiring an additional 830 shares during the period. Counterpoint Mutual Funds LLC lifted its holdings in Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after acquiring an additional 1,065 shares during the period. Essex Investment Management Co. LLC boosted its position in Zeta Global by 0.5% in the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after purchasing an additional 1,233 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Zeta Global by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock valued at $655,000 after purchasing an additional 1,845 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other 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.