Royal Bank of Canada Increases Zeta Global (NYSE:ZETA) Price Target to $34.00

Zeta Global (NYSE:ZETA) had its price target hoisted by Royal Bank of Canada from $29.00 to $34.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 15.22% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Truist Financial reaffirmed a “buy” rating and set a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. DA Davidson increased their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Bank of America increased their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Craig Hallum increased their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.50.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $29.51 on Friday. The company’s fifty day moving average price is $24.92 and its 200-day moving average price is $18.30. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of -27.84 and a beta of 1.26. Zeta Global has a one year low of $7.38 and a one year high of $32.11. 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 released its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the business posted ($0.32) EPS. Zeta Global’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, equities research analysts anticipate that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Halpern Financial Inc. lifted its position in shares of Zeta Global by 18.6% in 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. Amalgamated Bank increased its stake in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in shares of Zeta Global by 9.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Zeta Global by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Zeta Global by 4.6% in the 2nd quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after acquiring an additional 1,980 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.