Zeta Global (NASDAQ:ZETA) Price Target Raised to $28.00 at Barclays

Zeta Global (NASDAQ:ZETA) had its target price lifted by equities research analysts at Barclays from $18.00 to $28.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 18.19% from the stock’s current price.

A number of other research firms have also recently commented on ZETA. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America upped their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Roth Mkm upped their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer upped their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, DA Davidson upped their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of “Buy” and an average price target of $27.33.

Zeta Global Trading Up 10.6 %

Shares of ZETA stock traded up $2.27 on Thursday, reaching $23.69. 7,489,930 shares of the stock were exchanged, compared to its average volume of 2,110,727. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market cap of $5.18 billion, a PE ratio of -22.35 and a beta of 1.23. The stock has a 50 day moving average price of $17.71 and a 200 day moving average price of $13.70. Zeta Global has a one year low of $7.24 and a one year high of $24.99.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data 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 firm had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. Equities research analysts forecast that Zeta Global will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Zeta Global in the 4th quarter valued at about $203,000. 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 acquiring an additional 2,037 shares during the last quarter. Arizona State Retirement System increased its stake in Zeta Global by 5.4% in the fourth quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock valued at $382,000 after acquiring an additional 2,215 shares during the last quarter. Optas LLC bought a new position in Zeta Global in the fourth quarter valued at approximately $88,000. Finally, Mackenzie Financial Corp increased its stake in Zeta Global by 19.6% in the fourth quarter. Mackenzie Financial Corp now owns 147,928 shares of the company’s stock valued at $1,305,000 after acquiring an additional 24,273 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.