Roth Mkm Reiterates Buy Rating for Zeta Global (NASDAQ:ZETA)

Zeta Global (NASDAQ:ZETA)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $21.00 price objective on the stock. Roth Mkm’s target price indicates a potential upside of 34.87% from the company’s previous close.

ZETA has been the subject of several other reports. Canaccord Genuity Group lifted their target price on shares of Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC upped their target price on shares of Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson raised their price target on Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Zeta Global presently has an average rating of “Buy” and an average target price of $18.75.

Zeta Global Stock Up 1.2 %

Shares of NASDAQ:ZETA opened at $15.57 on Tuesday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -14.69 and a beta of 1.12. Zeta Global has a one year low of $7.24 and a one year high of $15.90. The firm has a fifty day moving average price of $11.42 and a two-hundred day moving average price of $9.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.38) EPS. Analysts anticipate that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Halpern Financial Inc. increased its stake 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 worth $56,000 after buying an additional 830 shares during the period. Optas LLC purchased a new position in shares of Zeta Global in the fourth quarter valued at about $88,000. Blue Trust Inc. raised its stake in shares of Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Zeta Global during the fourth quarter worth about $100,000. Finally, SlateStone Wealth LLC bought a new stake in shares of Zeta Global in the first quarter worth about $135,000. Institutional investors own 75.82% of the company’s stock.

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.