Zeta Global (NYSE:ZETA) Price Target Raised to $42.00 at Canaccord Genuity Group

Zeta Global (NYSE:ZETA) had its target price upped by stock analysts at Canaccord Genuity Group from $35.00 to $42.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 36.85% from the stock’s previous close.

ZETA has been the subject of a number of other research reports. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Royal Bank of Canada lifted their target price on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday. B. Riley upped their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Needham & Company LLC raised their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $37.69.

Zeta Global Stock Down 16.5 %

ZETA stock traded down $6.05 on Tuesday, reaching $30.69. 7,038,333 shares of the company traded hands, compared to its average volume of 2,609,179. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The company has a market cap of $6.75 billion, a P/E ratio of -34.89 and a beta of 1.29. The firm has a fifty day simple moving average of $28.99 and a 200-day simple moving average of $22.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the business posted ($0.27) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. Research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the third quarter valued at approximately $26,000. Quest Partners LLC increased its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd raised its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Institutional investors own 75.82% of the company’s stock.

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.