Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Zeta Global (NYSE:ZETA) had its price objective upped by Canaccord Genuity Group from $35.00 to $42.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on ZETA. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. B. Riley upped their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Roth Mkm raised their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Needham & Company LLC boosted their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $40.23.

Zeta Global Stock Performance

NYSE:ZETA opened at $17.39 on Tuesday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The firm’s fifty day moving average price is $28.72 and its 200 day moving average price is $22.44.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.27) earnings per share. On average, sell-side analysts expect that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

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

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.