Zeta Global (NYSE:ZETA) Price Target Raised to $41.00

Zeta Global (NYSE:ZETA) had its price target raised by investment analysts at Morgan Stanley from $30.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 45.29% from the stock’s previous close.

Several other research firms have also weighed in on ZETA. Canaccord Genuity Group increased their target price on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp assumed coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday. Craig Hallum raised their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays downgraded 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. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.92.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $28.22 on Wednesday. The business’s 50 day moving average is $29.05 and its 200-day moving average is $22.51. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The firm has a market capitalization of $6.21 billion, a PE ratio of -40.31 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 (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) EPS. Sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC bought a new position in Zeta Global in the 3rd quarter worth $26,000. Quest Partners LLC lifted its stake in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd lifted its stake in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

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.