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

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have earned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.25.

ZETA has been the topic of a number of recent research reports. Roth Mkm upped their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson increased their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Bank of America boosted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Oppenheimer increased their price target on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $18.00 to $30.00 in a report on Thursday, August 1st.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its holdings in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Zeta Global during the second quarter valued at $99,000. Amalgamated Bank grew its position in shares of Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Zeta Global during the second quarter worth about $105,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Trading Down 0.5 %

Shares of Zeta Global stock opened at $29.67 on Wednesday. Zeta Global has a 12-month low of $7.38 and a 12-month high of $32.11. The firm’s 50 day simple moving average is $25.26 and its two-hundred day simple moving average is $18.63. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of -27.99 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 (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 analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. Analysts predict that Zeta Global will post -0.43 EPS for the current year.

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.