Zeta Global (NYSE:ZETA) Given New $37.00 Price Target at Craig Hallum

Zeta Global (NYSE:ZETA) had its price target upped by Craig Hallum from $35.00 to $37.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on ZETA. Needham & Company LLC boosted their target price on Zeta Global from $28.00 to $33.00 and gave the company a buy rating in a research note on Monday, September 9th. DA Davidson lifted their price target on Zeta Global from $30.00 to $35.00 and gave the company a buy rating in a report on Monday, September 23rd. Canaccord Genuity Group increased their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a buy rating in a report on Friday, September 6th. Bank of America lifted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a research note on Thursday, September 26th. Finally, Oppenheimer increased their price target on shares of Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $33.33.

Zeta Global Price Performance

NYSE ZETA opened at $29.83 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -28.14 and a beta of 1.26. The company has a 50 day simple moving average of $25.10 and a 200-day simple moving average of $18.49. Zeta Global has a 52-week low of $7.38 and a 52-week high of $32.11.

Zeta Global (NYSE:ZETA) last released 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the previous year, the company earned ($0.32) EPS. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. Equities research analysts predict that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Zeta Global during the fourth quarter worth approximately $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global during the 4th quarter valued at $19,682,000. D. E. Shaw & Co. Inc. boosted its holdings in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the period. William Blair Investment Management LLC acquired a new stake in Zeta Global in the 2nd quarter worth $28,698,000. Finally, Granahan Investment Management LLC grew its position in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after purchasing an additional 1,076,208 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

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.