Zeta Global (NYSE:ZETA) Price Target Raised to $41.00

Zeta Global (NYSE:ZETA) had its price target boosted by Morgan Stanley from $30.00 to $41.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms also recently commented on ZETA. Roth Mkm boosted their price target 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. Royal Bank of Canada upped their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson increased 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. Craig Hallum boosted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” 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 company a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Price Performance

Zeta Global stock opened at $17.59 on Wednesday. The company’s 50 day simple moving average is $28.57 and its 200-day simple moving average is $22.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (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 analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. Equities research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

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

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.