Royal Bank of Canada Increases Zeta Global (NYSE:ZETA) Price Target to $34.00

Zeta Global (NYSE:ZETA) had its price target upped by research analysts at Royal Bank of Canada from $29.00 to $34.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 15.53% from the stock’s previous close.

Several other brokerages have also recently weighed in on ZETA. DA Davidson boosted their target price on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC lifted their price target on Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Barclays upped their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Craig Hallum boosted their target price on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley downgraded shares of 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 report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.08.

Zeta Global Price Performance

Shares of ZETA stock traded down $0.32 on Friday, reaching $29.43. 245,093 shares of the company were exchanged, compared to its average volume of 2,379,336. Zeta Global has a 1 year low of $7.38 and a 1 year high of $32.11. 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 business has a 50-day moving average price of $24.74 and a 200 day moving average price of $18.12. The company has a market cap of $6.47 billion, a price-to-earnings ratio of -27.58 and a beta of 1.26.

Zeta Global (NYSE: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). 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 analysts’ expectations of $212.44 million. During the same quarter last year, the business earned ($0.32) EPS. The business’s revenue was up 32.6% compared to the same quarter last year. Equities research analysts forecast that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capital World Investors acquired a new position in Zeta Global in the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in shares of Zeta Global in the fourth quarter valued at approximately $19,682,000. D. E. Shaw & Co. Inc. raised its stake in shares of 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 purchasing an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Zeta Global during the second quarter worth approximately $28,698,000. Finally, Granahan Investment Management LLC grew its position in Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares during the last quarter. 75.82% of the stock is currently 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.