Zeta Global (NASDAQ:ZETA) Given New $20.00 Price Target at Oppenheimer

Zeta Global (NASDAQ:ZETA) had its target price lifted by Oppenheimer from $18.00 to $20.00 in a report released on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Barclays lifted their price target 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. DA Davidson lifted their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday, May 7th. Bank of America lifted their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the stock a buy rating in a research note on Monday, June 24th. Roth Mkm lifted their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Finally, Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $17.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, June 26th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $20.77.

Zeta Global Stock Performance

Shares of NASDAQ ZETA opened at $17.66 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $3.86 billion, a P/E ratio of -16.66 and a beta of 1.23. The firm’s fifty day moving average is $16.62 and its two-hundred day moving average is $12.60. Zeta Global has a 52-week low of $7.24 and a 52-week high of $18.58.

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, beating analysts’ consensus estimates of ($0.25) by $0.02. The company 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%. Zeta Global’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) EPS. As a group, analysts anticipate that Zeta Global will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Zeta Global by 1,854.9% in the 2nd quarter. SG Americas Securities LLC now owns 244,618 shares of the company’s stock valued at $4,318,000 after buying an additional 232,105 shares during the period. Juncture Wealth Strategies LLC bought a new stake in shares of Zeta Global in the 2nd quarter valued at about $363,000. Kennedy Capital Management LLC raised its holdings in shares of Zeta Global by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 82,806 shares of the company’s stock valued at $905,000 after purchasing an additional 2,947 shares in the last quarter. Bwcp LP raised its holdings in shares of Zeta Global by 32.6% in the 1st quarter. Bwcp LP now owns 1,699,833 shares of the company’s stock valued at $18,579,000 after purchasing an additional 417,934 shares in the last quarter. Finally, Bayesian Capital Management LP raised its holdings in shares of Zeta Global by 78.1% in the 1st quarter. Bayesian Capital Management LP now owns 31,502 shares of the company’s stock valued at $344,000 after purchasing an additional 13,819 shares in the last quarter. 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.