Needham & Company LLC Raises Zeta Global (NASDAQ:ZETA) Price Target to $20.00

Zeta Global (NASDAQ:ZETA) had its target price raised by Needham & Company LLC from $18.00 to $20.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Barclays increased their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company an overweight rating in a report on Tuesday, May 7th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a report on Tuesday, May 7th. DA Davidson increased their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a report on Tuesday, May 7th. Oppenheimer increased their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a report on Tuesday, May 7th. Finally, Roth Mkm increased their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a report on Tuesday, May 21st. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of Buy and a consensus price target of $20.15.

Zeta Global Stock Performance

Shares of NASDAQ ZETA opened at $15.45 on Monday. The company’s fifty day moving average price is $15.00 and its 200 day moving average price is $11.62. Zeta Global has a 1 year low of $7.24 and a 1 year high of $18.58. The company has a market capitalization of $3.38 billion, a PE ratio of -14.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) earnings per share. On average, research analysts predict that Zeta Global will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after purchasing an additional 431,077 shares during the last quarter. Granahan Investment Management LLC increased its position in Zeta Global by 15.3% during the fourth 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. Praesidium Investment Management Company LLC increased its position in Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Clearbridge Investments LLC increased its position in Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the last quarter. Finally, Capital World Investors acquired a new stake in Zeta Global during the fourth quarter worth about $23,560,000. 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.