Zeta Global (NASDAQ:ZETA) Price Target Raised to $18.00

Zeta Global (NASDAQ:ZETA) had its price target boosted by Morgan Stanley from $17.00 to $18.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also issued reports on the stock. DA Davidson boosted their price target on shares of Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday. Bank of America upped their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. Craig Hallum raised their price target on shares of Zeta Global from $15.00 to $22.00 and gave the company a buy rating in a research report on Tuesday. Oppenheimer boosted their price target on shares of Zeta Global from $14.00 to $18.00 and gave the stock an outperform rating in a research note on Tuesday. Finally, Needham & Company LLC increased their price objective on Zeta Global from $13.00 to $18.00 and gave the company a buy rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

Zeta Global stock opened at $15.79 on Tuesday. The company’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $9.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. Zeta Global has a 1 year low of $7.24 and a 1 year high of $15.90. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -14.90 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business posted ($0.38) earnings per share. As a group, equities research analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of ZETA. Vanguard Group Inc. boosted its holdings in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after acquiring an additional 5,806,578 shares during the period. Capital World Investors purchased a new stake in Zeta Global in the 4th quarter valued at $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Zeta Global during the 4th quarter worth $19,682,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.