Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives $19.95 Consensus Price Target from Brokerages

Zeta Global Holdings Corp. (NASDAQ:ZETA) has received an average rating of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.95.

A number of research analysts recently issued reports on the company. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley upped their price target on shares of Zeta Global from $15.50 to $18.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Bank of America raised their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Morgan Stanley upped their target price on shares of Zeta Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after buying an additional 431,077 shares in the last quarter. Granahan Investment Management LLC increased its stake in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC raised its holdings in 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 purchasing an additional 5,806,578 shares during the last quarter. Clearbridge Investments LLC boosted its position in Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares in the last quarter. Finally, Capital World Investors acquired a new stake in Zeta Global in the fourth quarter valued at $23,560,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Up 0.6 %

ZETA stock opened at $17.25 on Thursday. The stock has a market cap of $3.77 billion, a P/E ratio of -16.27 and a beta of 1.12. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. Zeta Global has a twelve month low of $7.24 and a twelve month high of $18.58. The company’s 50 day moving average is $13.12 and its two-hundred day moving average is $10.61.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. Zeta Global’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the business earned ($0.38) EPS. Research analysts expect that Zeta Global will post -0.38 earnings per share for the current fiscal year.

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.