Zeta Global (NYSE:ZETA) Price Target Raised to $45.00 at Craig Hallum

Zeta Global (NYSE:ZETA) had its price target increased by Craig Hallum from $37.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on ZETA. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. B. Riley increased their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Needham & Company LLC lifted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson increased their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $35.00 to $42.00 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.59 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. The company’s fifty day moving average price is $28.57 and its 200-day moving average price is $22.48. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter last year, the company posted ($0.27) EPS. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. Equities analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new position in shares of Zeta Global during the 3rd quarter worth $769,000. Riggs Asset Managment Co. Inc. grew its holdings in Zeta Global by 142.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after purchasing an additional 44,596 shares during the period. Stephens Inc. AR purchased a new stake in Zeta Global in the third quarter worth about $1,634,000. Stephens Investment Management Group LLC bought a new stake in Zeta Global during the 3rd quarter worth approximately $7,676,000. Finally, Russell Investments Group Ltd. lifted its holdings in Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. 75.82% of the stock is 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.