Zeta Global (NASDAQ:ZETA) Price Target Raised to $36.00 at Bank of America

Zeta Global (NASDAQ:ZETA) had its price target boosted by investment analysts at Bank of America from $30.00 to $36.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 19.84% from the company’s current price.

Several other equities research analysts have also issued reports on ZETA. Craig Hallum increased their target price on shares of Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Oppenheimer raised their price objective on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Barclays boosted their price objective on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. B. Riley reiterated a “buy” rating and set a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Truist Financial restated a “buy” rating and set a $30.00 price objective (up from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.50.

Zeta Global Stock Performance

Shares of ZETA traded up $0.41 during trading hours on Thursday, reaching $30.04. 2,186,285 shares of the company traded hands, compared to its average volume of 2,379,645. The stock has a market capitalization of $6.61 billion, a P/E ratio of -28.34 and a beta of 1.26. 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 business has a fifty day moving average price of $24.55 and a 200-day moving average price of $18.03. Zeta Global has a 12-month low of $7.38 and a 12-month high of $32.11.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share 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 company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same period in the prior year, the business posted ($0.32) earnings per share. Zeta Global’s revenue for the quarter was up 32.6% on a year-over-year basis. Equities analysts anticipate that Zeta Global will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors purchased a new position in shares of Zeta Global in the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd purchased a new position in Zeta Global during the 4th quarter worth approximately $19,682,000. D. E. Shaw & Co. Inc. increased its position in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the period. William Blair Investment Management LLC purchased a new stake in Zeta Global in the second quarter valued at approximately $28,698,000. Finally, Granahan Investment Management LLC boosted its holdings in shares of Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

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.