Zeta Global (NASDAQ:ZETA) PT Raised to $18.00

Zeta Global (NASDAQ:ZETA) had its target price lifted by equities researchers at Barclays from $15.00 to $18.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 15.61% from the stock’s current price.

ZETA has been the subject of several other reports. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Canaccord Genuity Group raised their price target on Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. DA Davidson raised their target price on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $18.75.

Zeta Global Price Performance

Zeta Global stock opened at $15.57 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. Zeta Global has a one year low of $7.24 and a one year high of $15.90. The company has a market cap of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. The business has a fifty day moving average of $11.42 and a two-hundred day moving average of $9.82.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same quarter last year, the business earned ($0.38) earnings per share. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Hedge funds have recently bought and sold shares of the company. Halpern Financial Inc. lifted its stake in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the period. Optas LLC purchased a new stake in shares of Zeta Global in the fourth quarter valued at $88,000. Blue Trust Inc. increased its stake in Zeta Global by 22.8% in 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 position in Zeta Global during the fourth quarter worth about $100,000. Finally, SlateStone Wealth LLC purchased a new stake in Zeta Global in the 1st quarter valued at about $135,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.