Zeta Global (NASDAQ:ZETA) Given New $35.00 Price Target at DA Davidson

Zeta Global (NASDAQ:ZETA) had its price objective boosted by equities researchers at DA Davidson from $30.00 to $35.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 19.25% from the stock’s current price.

A number of other equities research analysts have also issued reports on ZETA. Oppenheimer lifted their target price on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Barclays lifted their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, B. Riley restated a “buy” rating and issued a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $30.17.

Zeta Global Stock Up 1.4 %

Shares of ZETA traded up $0.41 on Monday, hitting $29.35. The company’s stock had a trading volume of 559,930 shares, compared to its average volume of 2,346,171. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of -27.89 and a beta of 1.26. The firm’s fifty day moving average price is $23.96 and its 200-day moving average price is $17.68. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $29.81.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.32) earnings per share. On average, equities research analysts expect that Zeta Global will post -0.43 EPS for the current year.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. Halpern Financial Inc. raised its position in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 2nd quarter valued at approximately $99,000. Amalgamated Bank lifted its holdings in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Zeta Global in the second quarter valued at about $105,000. 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.