Zeta Global (NYSE:ZETA) Price Target Raised to $45.00

Zeta Global (NYSE:ZETA) had its price target increased by Craig Hallum from $37.00 to $45.00 in a report published on Tuesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

ZETA has been the subject of a number of other reports. Canaccord Genuity Group raised their price target on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp began coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target for the company. Finally, Roth Mkm boosted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.39 on Tuesday. The firm has a market cap of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20. The company’s fifty day simple moving average is $28.72 and its 200-day simple moving average is $22.44. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) earnings per share. Equities research analysts expect that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in the company. JAT Capital Mgmt LP bought a new position in Zeta Global during the third quarter worth about $2,520,000. Summit Partners Public Asset Management LLC grew its position in shares of Zeta Global by 210.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. FORA Capital LLC bought a new position in shares of Zeta Global during the third quarter worth approximately $2,804,000. MetLife Investment Management LLC raised its position in shares of Zeta Global by 7.4% in the third quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock valued at $3,052,000 after buying an additional 7,083 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Zeta Global by 29.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock valued at $16,810,000 after buying an additional 126,531 shares during the period. 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.