Truist Financial Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating restated by analysts at Truist Financial in a report issued on Friday, Benzinga reports. They currently have a $35.00 price objective on the stock, up from their prior price objective of $30.00. Truist Financial’s price target would suggest a potential upside of 18.60% from the company’s current price.

A number of other brokerages have also recently issued reports on ZETA. Oppenheimer raised their target price on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. DA Davidson raised their price target on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. B. Riley reaffirmed a “buy” rating and set a $30.00 price target (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Needham & Company LLC raised their price target on Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.50.

Zeta Global Trading Down 0.8 %

Zeta Global stock traded down $0.24 during mid-day trading on Friday, hitting $29.51. The stock had a trading volume of 725,819 shares, compared to its average volume of 2,381,906. The stock has a 50-day simple moving average of $24.74 and a two-hundred day simple moving average of $18.12. The stock has a market capitalization of $6.49 billion, a PE ratio of -27.87 and a beta of 1.26. Zeta Global has a 12 month low of $7.38 and a 12 month high of $32.11. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter last year, the business posted ($0.32) EPS. Zeta Global’s quarterly revenue was up 32.6% on a year-over-year basis. As a group, sell-side analysts forecast that Zeta Global will post -0.43 EPS for the current year.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ZETA. Quest Partners LLC raised its stake in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Halpern Financial Inc. grew its holdings in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zeta Global in the second quarter worth $99,000. Amalgamated Bank lifted its holdings in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after buying an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Zeta Global in the 2nd quarter worth about $105,000. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

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.