Zeta Global (NASDAQ:ZETA) Price Target Raised to $22.00 at Craig Hallum

Zeta Global (NASDAQ:ZETA) had its price target upped by Craig Hallum from $15.00 to $22.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Zeta Global from $14.00 to $15.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Needham & Company LLC upped 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. William Blair reiterated an outperform rating on shares of Zeta Global in a research note on Wednesday, February 28th. Canaccord Genuity Group upped their target price on shares of Zeta Global from $13.00 to $17.00 and gave the stock a buy rating in a research note on Tuesday. Finally, TheStreet upgraded shares of Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of Buy and an average target price of $18.75.

Zeta Global Trading Up 18.2 %

NASDAQ:ZETA opened at $15.37 on Tuesday. The company has a fifty day moving average of $11.33 and a 200-day moving average of $9.77. 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 has a twelve month low of $7.24 and a twelve month high of $15.90.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The business had revenue of $195.00 million during 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 107.29%. Zeta Global’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.38) EPS. On average, analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Halpern Financial Inc. boosted its holdings in shares of Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after buying an additional 830 shares during the last quarter. Optas LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $88,000. Blue Trust Inc. lifted 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 valued at $92,000 after purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $100,000. Finally, SlateStone Wealth LLC purchased a new stake in Zeta Global during the first quarter valued at about $135,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.