Zeta Global (NYSE:ZETA) Price Target Raised to $40.00

by · The Markets Daily

Zeta Global (NYSE:ZETA – Free Report) had its target price increased by Needham & Company LLC from $30.00 to $40.00 in a research note published on Friday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. Citigroup lifted their price target on shares of Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, KeyCorp lifted their target price on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

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Zeta Global Stock Performance

Zeta Global stock opened at $33.10 on Friday. The company has a market cap of $8.31 billion, a PE ratio of -1,655.00, a P/E/G ratio of 4.67 and a beta of 1.39. The company has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $22.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. Zeta Global has a 12 month low of $14.36 and a 12 month high of $34.80.

Zeta Global (NYSE:ZETA – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. Research analysts expect that Zeta Global will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently made changes to their positions in the company. GK Wealth Management LLC acquired a new stake in shares of Zeta Global in the third quarter valued at $37,000. Cadent Capital Advisors LLC acquired a new position in Zeta Global during the third quarter worth about $1,296,000. GAMMA Investing LLC grew its holdings in Zeta Global by 80.2% during the third quarter. GAMMA Investing LLC now owns 3,531 shares of the company’s stock worth $111,000 after acquiring an additional 1,572 shares during the period. CoreCap Advisors LLC acquired a new position in Zeta Global during the third quarter worth about $339,000. Finally, Toth Financial Advisory Corp raised its position in Zeta Global by 12,033.3% in the third quarter. Toth Financial Advisory Corp now owns 9,100 shares of the company’s stock worth $287,000 after acquiring an additional 9,025 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

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Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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