Zeta Global (NYSE:ZETA) Price Target Raised to $32.00 at Barclays

Zeta Global (NYSE:ZETA) had its target price lifted by Barclays from $28.00 to $32.00 in a research report sent to investors on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also commented on ZETA. Truist Financial reissued a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday. Oppenheimer boosted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, DA Davidson lifted their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $40.23.

Zeta Global Trading Down 37.2 %

Zeta Global stock opened at $17.73 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The company has a 50-day simple moving average of $28.90 and a 200-day simple moving average of $22.48.

Zeta Global (NYSE:ZETA) last announced 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 firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.27) EPS. On average, sell-side analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Zeta Global by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after purchasing an additional 3,295 shares in the last quarter. Swiss National Bank grew its stake in shares of Zeta Global by 1.3% in the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after buying an additional 4,000 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after buying an additional 276,294 shares during the last quarter. ProShare Advisors LLC raised its position in Zeta Global by 9.7% during the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after acquiring an additional 2,236 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Zeta Global in the first quarter valued at approximately $153,000. 75.82% of the stock is owned by hedge funds and other 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.