Investment Analysts’ Weekly Ratings Updates for Zeta Global (ZETA)

Several brokerages have updated their recommendations and price targets on shares of Zeta Global (NASDAQ: ZETA) in the last few weeks:

• 6/26/2024 – Zeta Global had its price target raised by analysts at Canaccord Genuity Group Inc. from $17.00 to $20.00. They now have a “buy” rating on the stock.
• 6/25/2024 – Zeta Global is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $20.00 price target on the stock.
• 6/24/2024 – Zeta Global had its price target raised by analysts at Bank of America Co. from $18.00 to $20.00. They now have a “buy” rating on the stock.
• 6/17/2024 – Zeta Global had its price target raised by analysts at Needham & Company LLC from $18.00 to $20.00. They now have a “buy” rating on the stock.
• 5/21/2024 – Zeta Global had its price target raised by analysts at Roth Mkm from $21.00 to $33.00. They now have a “buy” rating on the stock.
• 5/15/2024 – Zeta Global had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $18.00 price target on the stock.
• 5/7/2024 – Zeta Global was upgraded by analysts at Canaccord Genuity Group Inc. to a “strong-buy” rating.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Morgan Stanley from $17.00 to $18.00. They now have an “overweight” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Barclays PLC from $15.00 to $18.00. They now have an “overweight” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Oppenheimer Holdings Inc. from $14.00 to $18.00. They now have an “outperform” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at B. Riley from $15.50 to $18.50. They now have a “buy” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Craig Hallum from $15.00 to $22.00. They now have a “buy” rating on the stock.
• 5/7/2024 – Zeta Global had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $21.00 price target on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Canaccord Genuity Group Inc. from $13.00 to $17.00. They now have a “buy” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at DA Davidson from $15.00 to $19.00. They now have a “buy” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Needham & Company LLC from $13.00 to $18.00. They now have a “buy” rating on the stock.
• 5/7/2024 – Zeta Global had its price target raised by analysts at Bank of America Co. from $15.00 to $18.00. They now have a “buy” rating on the stock.

Zeta Global Stock Performance

Shares of NASDAQ:ZETA opened at $17.32 on Friday. The firm has a market capitalization of $3.79 billion, a PE ratio of -16.34 and a beta of 1.23. Zeta Global Holdings Corp. has a 12 month low of $7.24 and a 12 month high of $18.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The business has a 50-day moving average of $15.53 and a two-hundred day moving average of $11.93.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS 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 firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. During the same quarter last year, the firm posted ($0.38) earnings per share. Zeta Global’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, research analysts forecast that Zeta Global Holdings Corp. will post -0.38 earnings per share for the current year.

Institutional Trading of Zeta Global

A number of institutional investors have recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC acquired a new position in shares of Zeta Global during the fourth quarter worth about $922,000. George Kaiser Family Foundation raised its holdings in shares of Zeta Global by 891.8% during the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after buying an additional 213,448 shares during the period. Legato Capital Management LLC acquired a new position in Zeta Global during the 4th quarter worth approximately $929,000. Vanguard Group Inc. boosted its holdings in Zeta Global by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after acquiring an additional 991,678 shares during the period. Finally, Scalar Gauge Management LLC acquired a new stake in Zeta Global in the fourth quarter valued at approximately $6,411,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.