Zeta Global (NYSE:ZETA) Price Target Increased to $33.00 by Analysts at Oppenheimer

Zeta Global (NYSE:ZETA) had its price target boosted by Oppenheimer from $29.00 to $33.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

ZETA has been the subject of several other research reports. Bank of America upped their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Canaccord Genuity Group upped their target price on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. DA Davidson increased their price objective on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $35.69.

Zeta Global Stock Up 2.4 %

ZETA stock opened at $26.76 on Thursday. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of -25.25 and a beta of 1.27. The company’s 50 day moving average is $27.81 and its 200 day moving average is $20.97. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 1-year low of $7.38 and a 1-year high of $34.14.

Zeta Global (NYSE:ZETA) last issued its 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). The firm had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) EPS. Sell-side analysts predict that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC lifted its stake in Zeta Global by 3.1% in the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after acquiring an additional 634 shares during the period. Essex Investment Management Co. LLC raised its holdings in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in Zeta Global in the third quarter worth $26,000. Amalgamated Bank raised its holdings in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Zeta Global by 4.6% in 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 in the last quarter. Hedge funds and other 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.