Zeta Global (NYSE:ZETA) Given New $33.00 Price Target at Freedom Broker

Zeta Global (NYSE:ZETA) had its price target upped by research analysts at Freedom Broker from $29.00 to $33.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Freedom Broker‘s target price points to a potential downside of 11.64% from the stock’s current price.

Several other equities analysts have also commented on ZETA. Canaccord Genuity Group raised their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Thursday, October 15th. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Zeta Global in a research report on Tuesday. DA Davidson increased their price target on shares of Zeta Global from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, New Street Research set a $38.00 price target on shares of Zeta Global in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.94.

Zeta Global Trading Down 1.0%

ZETA opened at $37.35 on Friday. The stock has a market cap of $9.37 billion, a PE ratio of 266.78, a PEG ratio of 3.59 and a beta of 1.25. The company has a quick ratio of 2.38, a current ratio of 2.30 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $32.06 and a 200-day moving average of $23.06. Zeta Global has a 52 week low of $14.36 and a 52 week high of $38.46.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 9th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.10. The company had revenue of $492.66 million for the quarter, compared to analyst estimates of $471.08 million. Zeta Global had a return on equity of 10.87% and a net margin of 2.30%. The firm’s revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Equities research analysts predict that Zeta Global will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. raised its stake in Zeta Global by 45.0% during the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock valued at $32,000 after buying an additional 318 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after acquiring an additional 1,406 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock worth $34,000 after acquiring an additional 867 shares during the last quarter. Signaturefd LLC grew its stake in shares of Zeta Global by 121.6% in the third quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock worth $36,000 after acquiring an additional 630 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new stake in shares of Zeta Global in the third quarter worth $37,000. Institutional investors own 87.75% of the company’s stock.

Key Headlines Impacting Zeta Global

Investors following ZETA have been watching these headlines:

• Positive Sentiment: Zeta reported Q3 adjusted EPS of $0.38 versus $0.28 expected and revenue of $492.66 million versus $471.08 million expected. Revenue grew 46.1% year over year, and the company raised its full-year outlook. ZETA Q3 Earnings & Revenues Beat Estimates
• Positive Sentiment: Zacks Research upgraded ZETA to “strong-buy,” and the shares reached a new one-year high following an analyst upgrade. RBC Capital also reaffirmed its Buy rating. Zacks Research recommendations
• Negative Sentiment: Articles highlight that ZETA’s valuation remains expensive, increasing the stakes for continued growth and execution. ZETA valuation and growth analysis

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle. The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.