Zeta Global (NASDAQ:ZETA) Price Target Increased to $30.00 by Analysts at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its price objective boosted by Canaccord Genuity Group from $28.00 to $30.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on ZETA. Needham & Company LLC reaffirmed a buy rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, August 21st. Bank of America lifted their target price on Zeta Global from $18.00 to $20.00 and gave the stock a buy rating in a research note on Monday, June 24th. Morgan Stanley lowered shares of Zeta Global from an overweight rating to an equal weight rating and increased their price target for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Truist Financial reaffirmed a buy rating and issued a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on shares of Zeta Global from $23.00 to $29.00 and gave the company an outperform rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $28.83.

Zeta Global Price Performance

ZETA opened at $25.72 on Friday. Zeta Global has a 1 year low of $7.38 and a 1 year high of $27.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -24.26 and a beta of 1.26. The firm’s fifty day moving average price is $22.16 and its two-hundred day moving average price is $16.61.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter last year, the firm posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, analysts anticipate that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its holdings in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 2nd quarter worth about $99,000. Counterpoint Mutual Funds LLC purchased a new position in Zeta Global during the 4th quarter valued at about $100,000. Finally, Amalgamated Bank grew its holdings in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares in the last quarter. 75.82% of the stock is 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.