Zeta Global (NASDAQ:ZETA) PT Raised to $20.00 at Oppenheimer

Zeta Global (NASDAQ:ZETAGet Free Report) had its price target upped by analysts at Oppenheimer from $18.00 to $20.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 20.41% from the stock’s current price.

Other analysts have also issued reports about the stock. Morgan Stanley lifted their price target on shares of Zeta Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Bank of America increased their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Canaccord Genuity Group raised Zeta Global to a “strong-buy” rating in a research note on Tuesday, May 7th. Barclays boosted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Finally, B. Riley upped their price objective on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.77.

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Zeta Global Price Performance

Shares of ZETA opened at $16.61 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market cap of $3.63 billion, a PE ratio of -15.67 and a beta of 1.23. The firm’s 50-day simple moving average is $16.44 and its two-hundred day simple moving average is $12.51. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $18.58.

Zeta Global (NASDAQ:ZETAGet Free Report) 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 101.48%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same period in the prior year, the firm posted ($0.38) EPS. Zeta Global’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts anticipate that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Praesidium Investment Management Company LLC raised its stake in shares of Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after acquiring an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new stake in Zeta Global during the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global in the 4th quarter worth approximately $19,682,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Zeta Global during the fourth quarter worth $18,664,000. Finally, Granahan Investment Management LLC raised its stake in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying 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.

About Zeta Global

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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.

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