Zeta Global (NYSE:ZETA) Shares Gap Up After Analyst Upgrade

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Thursday after Royal Bank of Canada raised their price target on the stock from $29.00 to $34.00. The stock had previously closed at $29.63, but opened at $32.00. Royal Bank of Canada currently has an outperform rating on the stock. Zeta Global shares last traded at $30.06, with a volume of 1,216,736 shares.

ZETA has been the topic of a number of other research reports. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Truist Financial reissued a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. B. Riley reissued a “buy” rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Finally, Craig Hallum increased their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $32.50.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC lifted its holdings 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 acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its holdings in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global in the second quarter valued at about $99,000. Amalgamated Bank lifted its holdings in shares of Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Zeta Global in the second quarter valued at about $105,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Trading Down 0.8 %

The company has a market capitalization of $6.49 billion, a P/E ratio of -27.83 and a beta of 1.26. The business has a fifty day moving average price of $24.92 and a 200 day moving average price of $18.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) EPS. On average, analysts expect that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal year.

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.