Zeta Global (NASDAQ:ZETA) PT Raised to $18.00

Zeta Global (NASDAQ:ZETA) had its target price upped by equities researchers at Oppenheimer from $14.00 to $18.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 38.46% from the stock’s current price.

A number of other research analysts have also recently commented on ZETA. Morgan Stanley raised shares of Zeta Global from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $17.00 in a report on Thursday, April 4th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. DA Davidson started coverage on shares of Zeta Global in a report on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 price objective for the company. Barclays raised their price target on shares of Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global currently has an average rating of “Buy” and a consensus target price of $16.83.

Zeta Global Price Performance

Shares of ZETA opened at $13.00 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The company’s 50-day moving average is $11.28 and its 200-day moving average is $9.74. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $13.11. The firm has a market capitalization of $2.84 billion, a PE ratio of -10.74 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.36) earnings per share. Equities analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Institutional Trading of Zeta Global

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Zeta Global by 2.3% in the 4th 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 during the period. Granahan Investment Management LLC boosted its holdings in Zeta Global by 15.3% during the 4th 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 boosted its holdings in Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after acquiring an additional 5,806,578 shares during the last quarter. Capital World Investors purchased a new position in Zeta Global during the 4th quarter worth $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in Zeta Global during the 4th quarter worth $19,682,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.