Zeta Global (NASDAQ:ZETA) Price Target Increased to $18.00 by Analysts at Oppenheimer

Zeta Global (NASDAQ:ZETA) had its target price raised by Oppenheimer from $14.00 to $18.00 in a report released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

ZETA has been the subject of several other reports. Barclays boosted their price objective on Zeta Global from $14.00 to $15.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. William Blair restated an outperform rating on shares of Zeta Global in a report on Wednesday, February 28th. Morgan Stanley raised shares of Zeta Global from an equal weight rating to an overweight rating and upped their target price for the stock from $12.00 to $17.00 in a research note on Thursday, April 4th. DA Davidson assumed coverage on Zeta Global in a research note on Wednesday, April 3rd. They issued a buy rating and a $15.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a buy rating and set a $13.00 price objective on shares of Zeta Global in a research report on Wednesday, February 28th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $18.75.

Zeta Global Price Performance

ZETA opened at $15.37 on Tuesday. Zeta Global has a twelve month low of $7.24 and a twelve month high of $15.90. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average is $11.33 and its two-hundred day moving average is $9.77.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same quarter last year, the business posted ($0.38) EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Insight Wealth Strategies LLC acquired a new stake in shares of Zeta Global in the 4th quarter valued at approximately $922,000. Legato Capital Management LLC bought a new stake in Zeta Global during the fourth quarter worth $929,000. Vanguard Group Inc. lifted its stake in Zeta Global by 6.6% in the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after acquiring an additional 991,678 shares during the last quarter. Blue Trust Inc. grew its position in shares of Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Zeta Global by 97.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock worth $5,541,000 after purchasing an additional 327,100 shares during the last quarter. Institutional investors and hedge funds 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.