Zeta Global’s (ZETA) “Buy” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Tuesday morning,Benzinga reports. Truist Financial currently has a $42.00 target price on the stock, up from their prior target price of $35.00.

Other equities research analysts have also issued research reports about the stock. Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. DA Davidson raised their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC upped their price objective on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp started coverage on Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 target price for the company. Finally, Bank of America raised their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.23.

Zeta Global Stock Down 2.1 %

Shares of NYSE ZETA opened at $17.39 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $28.72 and a 200 day moving average of $22.44. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The stock has a market cap of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) EPS. As a group, sell-side analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Large investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the third quarter valued at $26,000. Farther Finance Advisors LLC boosted its stake in shares of Zeta Global by 3,885.7% in the 3rd 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 period. Covestor Ltd grew its position in shares of 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. Advisors Asset Management Inc. increased its stake in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. Finally, Quest Partners LLC raised its holdings in 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 acquiring an additional 2,183 shares in the last quarter. Hedge funds and other institutional investors 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.