Blog

Zeta Global (NASDAQ:ZETA – Get Free Report) The price target was raised by analysts at Needham & Company LLC from $18.00 to $20.00 in a report published on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 24.69% from the stock’s current price.

Several other brokerage firms have also recently commented on ZETA. Oppenheimer increased their price target on Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley increased their price target on Zeta Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. B. Riley increased their price target on shares of Zeta Global from $15.50 to $18.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Bank of America increased their price target on Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group raised their price target on shares of Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7. Eleven research analysts have rated the stock with a “buy” rating and one has given the company a “strong buy” rating. Based on data from MarketBeat, Zeta Global has a consensus rating of “Buy” and an average price target of $20.15.

Check out our latest research report on ZETA

Zeta Global shares fell 2.4%

NASDAQ ZETA shares opened at $16.04 on Monday. The company’s 50-day moving average is $14.78 and its 200-day moving average is $11.46. Zeta Global has a 12-month low of $7.24 and a 12-month high of $18.58. The company has a market cap of $3.51 billion, a P/E ratio of -15.13 and a beta of 1.22. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA – Get Free Report) last released its quarterly earnings results on Monday, May 6. The company reported earnings per share (EPS) of -$0.23 for the quarter, beating the consensus estimate of -$0.25 by $0.02. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company posted revenue of $195.00 million during the quarter, compared to the consensus estimate of $187.16 million. In the same quarter last year, the company reported earnings per share of -$0.38. Zeta Global’s revenue grew by 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Zeta Global will report earnings per share of -$0.38 for the current fiscal year.

Zeta Global Institutional Trading

Hedge funds and other institutional investors have recently bought and sold shares of the company. Insight Wealth Strategies LLC acquired a new stake in Zeta Global in the 4th quarter valued at $922,000. George Kaiser Family Foundation increased its holdings in shares of Zeta Global by 891.8% in the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after acquiring an additional 213,448 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Zeta Global in the 4th quarter valued at $929,000. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 6.6% in the 3rd 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 in the last quarter. Finally, Scalar Gauge Management LLC bought a new position in Zeta Global during the fourth quarter valued at approximately $6,411,000. Institutional investors own 75.82% of the company’s stock.

About Zeta Global

(Get free report)

Zeta Global Holdings Corp. operates a data-driven omnichannel cloud platform that provides consumer intelligence and marketing automation software to companies in the U.S. and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer purchase intent using sophisticated machine learning algorithms and the industry’s opt-in dataset for omnichannel marketing. The Consumer Data Platform captures, analyzes and distills disparate data points to generate a unified view of a consumer that includes identity, profile characteristics, behavior and purchase intent.

Selected items

Get daily news and reviews for Zeta Global – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zeta Global and related companies with MarketBeat.com’s FREE daily email newsletter.