Zeta Global (NASDAQ:ZETA) Price Target Increased to $19.00 by Analysts at DA Davidson

Zeta Global (NASDAQ:ZETA) had its target price boosted by DA Davidson from $15.00 to $19.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on the company. 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. TheStreet raised Zeta Global from a d+ rating to a c- rating in a research note on Tuesday, January 30th. Barclays boosted their target price on Zeta Global from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. William Blair reaffirmed an outperform rating on shares of Zeta Global in a research report on Wednesday, February 28th. Finally, Morgan Stanley raised Zeta Global from an equal weight rating to an overweight rating and boosted their target price for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $18.75.

Zeta Global Stock Up 18.2 %

Shares of ZETA stock opened at $15.37 on Tuesday. Zeta Global has a 1 year low of $7.24 and a 1 year 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 business’s fifty day moving average is $11.33 and its 200-day moving average is $9.77.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same quarter in the previous year, the business earned ($0.38) EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Halpern Financial Inc. grew its holdings in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares in the last quarter. Counterpoint Mutual Funds LLC grew its holdings in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after buying an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock valued at $2,486,000 after buying an additional 1,233 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Zeta Global by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock valued at $655,000 after buying an additional 1,845 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Zeta Global by 22.8% during the fourth 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 in the last quarter. 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.