DA Davidson Increases Zeta Global (NYSE:ZETA) Price Target to $42.00

Zeta Global (NYSE:ZETA) had its price target upped by research analysts at DA Davidson from $39.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 44.78% from the stock’s current price.

ZETA has been the topic of several other reports. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a research note on Friday, October 18th. Canaccord Genuity Group upped their target price on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Roth Mkm upped their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global has an average rating of “Buy” and an average price target of $39.08.

Zeta Global Price Performance

Shares of ZETA traded down $7.73 during midday trading on Tuesday, reaching $29.01. The stock had a trading volume of 13,049,616 shares, compared to its average volume of 2,636,627. The company’s 50-day moving average is $28.99 and its 200 day moving average is $22.40. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -32.97 and a beta of 1.29. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its 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 firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) earnings per share. On average, equities analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. raised its stake in Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the second quarter valued at about $28,698,000. Renaissance Technologies LLC increased its position in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares during the period. Millennium Management LLC raised its holdings in Zeta Global by 358.3% during the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock valued at $20,991,000 after buying an additional 929,792 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Zeta Global in the 2nd quarter worth approximately $9,783,000. 75.82% of the stock is owned by 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.