Zeta Global (NASDAQ:ZETA) Price Target Raised to $17.00 at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its target price hoisted by Canaccord Genuity Group from $13.00 to $17.00 in a report issued on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. DA Davidson upped 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. William Blair reaffirmed an outperform rating on shares of Zeta Global in a report on Wednesday, February 28th. Needham & Company LLC boosted their price objective on Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a report on Tuesday. Oppenheimer raised their target price on shares of Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday. Finally, Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and boosted their price target for the stock from $12.00 to $17.00 in a research note on Thursday, April 4th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Zeta Global has an average rating of Buy and an average price target of $18.75.

Zeta Global Trading Up 18.2 %

Shares of ZETA opened at $15.37 on Tuesday. Zeta Global has a 52-week low of $7.24 and a 52-week high of $15.90. The stock’s 50-day simple moving average is $11.33 and its 200 day simple moving average is $9.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76.

Zeta Global (NASDAQ:ZETA) last announced its quarterly 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 firm had revenue of $195.00 million for 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 company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.38) earnings per share. Research analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Praesidium Investment Management Company LLC lifted its stake in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after acquiring an additional 5,806,578 shares during the last quarter. Capital World Investors purchased a new position in Zeta Global in the 4th quarter worth approximately $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in Zeta Global in the fourth quarter valued at approximately $19,682,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Zeta Global during the fourth quarter valued at approximately $18,664,000. Finally, Granahan Investment Management LLC grew its holdings 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 purchasing an additional 1,076,208 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.