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

Zeta Global (NASDAQ:ZETA) had its price objective boosted by Barclays from $15.00 to $18.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. TheStreet raised Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Roth Mkm reissued a buy rating and set a $21.00 price objective on shares of Zeta Global in a research note on Tuesday. Oppenheimer boosted their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research note on Tuesday. Bank of America boosted their price objective on Zeta Global from $15.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Craig Hallum boosted their price objective on Zeta Global from $15.00 to $22.00 and gave the stock a buy rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $18.75.

Zeta Global Trading Up 18.2 %

NASDAQ ZETA opened at $15.37 on Tuesday. The stock’s 50 day simple moving average is $11.33 and its 200-day simple moving average is $9.77. Zeta Global has a 1-year low of $7.24 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76.

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

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the company. Halpern Financial Inc. raised its holdings in shares of Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares during the period. Optas LLC purchased a new stake in shares of Zeta Global in the 4th quarter valued at $88,000. Blue Trust Inc. raised its holdings 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 buying an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Zeta Global in the 4th quarter valued at $100,000. Finally, SlateStone Wealth LLC purchased a new stake in shares of Zeta Global in the 1st quarter valued at $135,000. Hedge funds and other 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.