Zeta Global (NASDAQ:ZETA) Given New $20.00 Price Target at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its price target increased by Canaccord Genuity Group from $17.00 to $20.00 in a research report sent to investors on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on ZETA. Royal Bank of Canada started coverage on Zeta Global in a report on Tuesday. They set an outperform rating and a $20.00 price objective for the company. Morgan Stanley boosted their price objective on Zeta Global from $17.00 to $18.00 and gave the company an overweight rating in a report on Tuesday, May 7th. Roth Mkm boosted their price objective on Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a report on Tuesday, May 21st. Craig Hallum boosted their price objective on Zeta Global from $15.00 to $22.00 and gave the company a buy rating in a report on Tuesday, May 7th. Finally, B. Riley upped their target price on Zeta Global from $15.50 to $18.50 and gave the stock a buy rating in a report on Tuesday, May 7th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global presently has an average rating of Buy and an average target price of $20.59.

Zeta Global Stock Up 0.1 %

Shares of ZETA opened at $16.42 on Wednesday. The business’s 50 day moving average is $15.42 and its 200 day moving average is $11.89. The company has a market capitalization of $3.59 billion, a PE ratio of -15.49 and a beta of 1.23. Zeta Global has a 12-month low of $7.24 and a 12-month high of $18.58. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) EPS. Research analysts expect that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZETA. Insight Wealth Strategies LLC acquired a new position in shares of Zeta Global in the fourth quarter valued at about $922,000. George Kaiser Family Foundation boosted its stake in shares of Zeta Global by 891.8% in the fourth quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock worth $2,094,000 after buying an additional 213,448 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth about $929,000. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 6.6% in the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after buying an additional 991,678 shares during the last quarter. Finally, Scalar Gauge Management LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth about $6,411,000. 75.82% of the stock is owned by institutional investors and hedge funds.

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.