Zeta Global (NASDAQ:ZETA) Given New $37.00 Price Target at Craig Hallum

Zeta Global (NASDAQ:ZETA) had its price target raised by Craig Hallum from $35.00 to $37.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 24.37% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC boosted their price objective on Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Truist Financial reissued a “buy” rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Barclays raised their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. DA Davidson upped their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. Finally, Bank of America increased their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. One research 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 stock. According to MarketBeat, Zeta Global currently has an average rating of “Buy” and an average price target of $31.67.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $29.75 on Friday. The firm has a fifty day moving average price of $24.74 and a two-hundred day moving average price of $18.12. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $32.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $6.54 billion, a PE ratio of -28.07 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last released its 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). The company had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS. Analysts expect that Zeta Global will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZETA. Capital World Investors acquired a new stake in Zeta Global during the 4th quarter valued at $23,560,000. CastleKnight Management LP grew its holdings in shares of Zeta Global by 94.7% during the fourth quarter. CastleKnight Management LP now owns 88,400 shares of the company’s stock worth $780,000 after purchasing an additional 43,000 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of Zeta Global by 5.2% in the fourth quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock valued at $488,000 after buying an additional 2,748 shares in the last quarter. Scalar Gauge Management LLC bought a new position in shares of Zeta Global in the fourth quarter valued at about $6,411,000. Finally, Granahan Investment Management LLC lifted its position in Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares in the last quarter. 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.