Zeta Global (NYSE:ZETA) Price Target Increased to $33.00 by Analysts at Oppenheimer

Zeta Global (NYSE:ZETA) had its target price lifted by equities research analysts at Oppenheimer from $29.00 to $33.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 24.76% from the stock’s previous close.

Several other brokerages have also recently commented on ZETA. Roth Mkm lifted their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. DA Davidson lifted their target price on shares of Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 target price on shares of Zeta Global in a report on Wednesday, October 9th. Finally, Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global currently has an average rating of “Buy” and a consensus price target of $35.69.

Zeta Global Stock Up 1.4 %

Shares of NYSE:ZETA traded up $0.37 during trading on Thursday, reaching $26.45. The stock had a trading volume of 901,324 shares, compared to its average volume of 2,491,195. Zeta Global has a one year low of $7.38 and a one year high of $34.14. The company has a market capitalization of $5.82 billion, a P/E ratio of -30.23 and a beta of 1.27. 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 firm’s 50-day simple moving average is $27.73 and its 200 day simple moving average is $20.70.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the prior year, the business posted ($0.32) earnings per share. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. As a group, research analysts expect that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global during the 3rd quarter worth $26,000. Quest Partners LLC lifted its position 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 during the last quarter. CWM LLC lifted its position in Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock valued at $156,000 after acquiring an additional 4,946 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zeta Global in the second quarter valued at $99,000. Finally, Amalgamated Bank lifted its position in 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 acquiring an additional 948 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.