Royal Bank of Canada Raises Zeta Global (NASDAQ:ZETA) Price Target to $29.00

Zeta Global (NASDAQ:ZETA) had its price objective upped by equities researchers at Royal Bank of Canada from $23.00 to $29.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 23.09% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Bank of America raised their target price on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. DA Davidson lifted their price objective on Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Craig Hallum upped their price objective on shares of Zeta Global from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $30.00 target price (up from $23.00) on shares of Zeta Global in a research report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $26.50.

Zeta Global Price Performance

NASDAQ ZETA traded up $2.14 during trading hours on Thursday, reaching $23.56. The company’s stock had a trading volume of 6,473,523 shares, compared to its average volume of 2,103,813. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $24.99. The stock has a market cap of $5.15 billion, a PE ratio of -22.23 and a beta of 1.23. 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 company’s 50-day moving average is $17.71 and its two-hundred day moving average is $13.70.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. Analysts forecast that Zeta Global will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. George Kaiser Family Foundation lifted its position in shares of Zeta Global by 891.8% during the fourth quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock worth $2,094,000 after purchasing an additional 213,448 shares in the last quarter. Vanguard Group Inc. grew its holdings in Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after acquiring an additional 370,912 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. Lazard Asset Management LLC bought a new position in Zeta Global during the 1st quarter worth approximately $4,113,000. Finally, Scalar Gauge Management LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $6,411,000. Hedge funds and other institutional investors 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.