Zeta Global (NYSE:ZETA) Given New $26.00 Price Target at Morgan Stanley

Zeta Global (NYSE:ZETA) had its target price cut by research analysts at Morgan Stanley from $41.00 to $26.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 47.90% from the company’s previous close.

A number of other research analysts also recently issued reports on ZETA. Barclays boosted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Truist Financial restated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Canaccord Genuity Group lifted their price objective on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, Needham & Company LLC raised their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $17.58 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The firm has a market cap of $3.87 billion, a PE ratio of -25.11 and a beta of 1.29. The firm’s fifty day moving average is $28.57 and its 200-day moving average is $22.55.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter last year, the firm posted ($0.27) EPS. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the 3rd quarter valued at about $26,000. Quest Partners LLC lifted its holdings in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd grew its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. 75.82% of the stock is owned by institutional investors.

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.