Zeta Global (NYSE:ZETA) Given New $45.00 Price Target at Craig Hallum

Zeta Global (NYSE:ZETA) had its target price upped by Craig Hallum from $37.00 to $45.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Royal Bank of Canada raised their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. B. Riley upped their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, DA Davidson lifted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Stock Performance

Shares of ZETA opened at $17.59 on Tuesday. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. The business’s 50 day moving average is $28.57 and its 200 day moving average is $22.48.

Zeta Global (NYSE:ZETA) last released 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 company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) EPS. Equities research analysts expect that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of Zeta Global by 9.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after acquiring an additional 3,295 shares during the period. Swiss National Bank raised its position in Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after buying an additional 276,294 shares during the period. ProShare Advisors LLC grew its position in shares of Zeta Global by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after buying an additional 2,236 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Zeta Global during the first quarter valued at $153,000. 75.82% of the stock is currently 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.