DA Davidson Increases Zeta Global (NYSE:ZETA) Price Target to $42.00

Zeta Global (NYSE:ZETA) had its target price hoisted by DA Davidson from $39.00 to $42.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 44.78% from the company’s current price.

Several other equities analysts also recently issued reports on ZETA. Royal Bank of Canada raised their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial restated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Bank of America raised their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Roth Mkm boosted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $39.08.

Zeta Global Stock Performance

ZETA stock traded down $7.73 during midday trading on Tuesday, reaching $29.01. 13,049,616 shares of the company were exchanged, compared to its average volume of 2,636,627. The business has a 50-day moving average price of $28.99 and a two-hundred day moving average price of $22.40. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -32.97 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 analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) earnings per share. Equities research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Zeta Global by 9.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after purchasing an additional 3,295 shares during the period. Swiss National Bank boosted its holdings in shares of Zeta Global by 1.3% in the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,000 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after buying an additional 276,294 shares in the last quarter. ProShare Advisors LLC increased its holdings in Zeta Global by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Zeta Global in the first quarter worth $153,000. 75.82% of the stock is owned by institutional investors and hedge funds.

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.