Zeta Global (NYSE:ZETA) Shares Gap Up After Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Thursday after Royal Bank of Canada raised their price target on the stock from $29.00 to $34.00. The stock had previously closed at $29.63, but opened at $32.00. Royal Bank of Canada currently has an outperform rating on the stock. Zeta Global shares last traded at $30.06, with a volume of 1,216,736 shares changing hands.

Other analysts also recently issued reports about the company. Barclays increased their price target on Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Canaccord Genuity Group increased their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson increased their price target on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Oppenheimer increased their price target on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.50.

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zeta Global during the 2nd quarter worth approximately $7,713,000. Point72 Asset Management L.P. increased its stake in shares of Zeta Global by 10.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after purchasing an additional 5,259 shares during the last quarter. Algert Global LLC grew its stake in Zeta Global by 23.1% in the 2nd quarter. Algert Global LLC now owns 118,667 shares of the company’s stock valued at $2,094,000 after buying an additional 22,237 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Zeta Global by 18.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock valued at $1,821,000 after buying an additional 15,800 shares in the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Zeta Global during the 2nd quarter valued at $265,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Price Performance

The business’s 50-day moving average price is $24.92 and its 200 day moving average price is $18.25. The stock has a market capitalization of $6.49 billion, a PE ratio of -27.83 and a beta of 1.26. 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 (NYSE:ZETA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the firm posted ($0.32) earnings per share. The business’s revenue was up 32.6% on a year-over-year basis. Research analysts forecast that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

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.