Zeta Global (NYSE:ZETA) Price Target Raised to $37.00 at Royal Bank of Canada

Zeta Global (NYSE:ZETA) had its target price raised by Royal Bank of Canada from $33.00 to $37.00 in a research report released on Monday morning, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on ZETA. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Zeta Global in a research report on Wednesday, October 9th. Canaccord Genuity Group boosted their price objective on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Craig Hallum lifted their price target on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Finally, Barclays lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Buy” and an average target price of $40.23.

Zeta Global Stock Performance

Shares of ZETA opened at $17.73 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50-day moving average of $28.90 and a two-hundred day moving average of $22.48. The stock has a market cap of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29. Zeta Global has a one year low of $7.65 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last released its 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 return on equity of 61.25% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the firm earned ($0.27) EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, research analysts predict that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in Zeta Global by 7.4% during the 3rd quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock worth $3,052,000 after purchasing an additional 7,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Zeta Global by 29.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock worth $16,810,000 after buying an additional 126,531 shares in the last quarter. FMR LLC lifted its stake in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Zeta Global by 14.0% during the third quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after acquiring an additional 15,342 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in Zeta Global during the 3rd quarter valued at about $1,752,000. 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.