Zeta Global (NASDAQ:ZETA) Price Target Raised to $33.00 at Roth Mkm

Zeta Global (NASDAQ:ZETA) had its target price upped by Roth Mkm from $21.00 to $33.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity Group increased their price objective on Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a report on Tuesday, May 7th. TheStreet raised shares of Zeta Global from a d+ rating to a c- rating in a research report on Tuesday, January 30th. Oppenheimer raised their price target on shares of Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday, May 7th. Morgan Stanley raised their price target on shares of Zeta Global from $17.00 to $18.00 and gave the company an overweight rating in a research report on Tuesday, May 7th. Finally, B. Riley lifted their target price on shares of Zeta Global from $15.50 to $18.50 and gave the stock a buy rating in a research report on Tuesday, May 7th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $19.95.

Zeta Global Stock Up 0.5 %

NASDAQ ZETA opened at $17.24 on Tuesday. The business has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $10.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $18.58. The stock has a market capitalization of $3.77 billion, a PE ratio of -16.26 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same period in the prior year, the company earned ($0.38) EPS. Zeta Global’s revenue was up 23.7% compared to the same quarter last year. Equities analysts expect that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZETA. Halpern Financial Inc. grew its stake in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares in the last quarter. Optas LLC bought a new stake in Zeta Global in the fourth quarter worth $88,000. Blue Trust Inc. lifted its stake in Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Zeta Global in the fourth quarter worth $100,000. Finally, SlateStone Wealth LLC bought a new stake in Zeta Global in the first quarter worth $135,000. 75.82% of the stock is currently 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.