Canaccord Genuity Group Raises Zeta Global (NYSE:ZETA) Price Target to $35.00

Zeta Global (NYSE:ZETA) had its target price raised by Canaccord Genuity Group from $30.00 to $35.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 3.40% from the company’s previous close.

Several other research analysts have also recently issued reports on ZETA. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Zeta Global in a research note on Wednesday. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson increased their price target on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays raised their target price on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.00.

Zeta Global Stock Up 6.3 %

ZETA traded up $2.01 during midday trading on Wednesday, hitting $33.85. The company had a trading volume of 2,745,030 shares, compared to its average volume of 2,390,927. The stock’s 50 day moving average price is $26.25 and its 200 day moving average price is $19.32. Zeta Global has a 52 week low of $7.38 and a 52 week high of $34.14. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of -31.93 and a beta of 1.27. The company has a quick ratio of 1.98, a current 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) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The business’s quarterly revenue was up 32.6% on a year-over-year basis. On average, research analysts anticipate that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Halpern Financial Inc. increased its position in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares during the last quarter. Counterpoint Mutual Funds LLC grew its position in Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC raised its position in Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock valued at $2,486,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Zeta Global by 4.6% during the second quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after purchasing an additional 1,980 shares during the last quarter. 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.