Zeta Global (NASDAQ:ZETA) PT Raised to $30.00 at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its target price upped by equities research analysts at Canaccord Genuity Group from $28.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 19.71% from the stock’s current price.

Several other research analysts also recently issued reports on the company. B. Riley restated a “buy” rating and set a $30.00 price objective (up from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Bank of America lifted their price objective on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Roth Mkm upped their target price on shares of Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a report on Wednesday, August 21st. Finally, Truist Financial reissued a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.42.

Zeta Global Stock Performance

Shares of ZETA stock opened at $25.06 on Friday. The stock has a fifty day moving average price of $22.01 and a 200 day moving average price of $16.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $5.48 billion, a PE ratio of -23.64 and a beta of 1.26. Zeta Global has a 1 year low of $7.38 and a 1 year high of $27.39.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same period last year, the firm earned ($0.32) EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. Sell-side analysts forecast that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.