Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.17 Average Price Target from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been given an average rating of “Buy” by the fourteen analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $34.25.

Several research firms recently commented on ZETA. Roth Mkm raised their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson lifted their price target on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays boosted their price target on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Finally, 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 report on Thursday, September 26th.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors bought a new stake in shares of 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 during the fourth quarter worth $19,682,000. D. E. Shaw & Co. Inc. boosted its position in shares of Zeta Global by 1,444.8% in the 2nd 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 in the last quarter. William Blair Investment Management LLC purchased a new position in Zeta Global during the 2nd quarter worth $28,698,000. Finally, Granahan Investment Management LLC increased 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 valued at $71,554,000 after buying an additional 1,076,208 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Down 0.5 %

Shares of NYSE:ZETA opened at $29.67 on Wednesday. The firm has a market capitalization of $6.53 billion, a PE ratio of -27.99 and a beta of 1.26. The business has a 50 day simple moving average of $25.26 and a two-hundred day simple moving average of $18.63. 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 current ratio of 1.98 and a quick ratio of 1.98.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. Zeta Global’s revenue was up 32.6% compared to the same quarter last year. On average, equities analysts predict that Zeta Global will post -0.43 EPS for the current year.

Zeta Global Company Profile

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.