Zeta Global (NASDAQ:ZETA) Given New $22.00 Price Target at Craig Hallum

Zeta Global (NASDAQ:ZETA) had its target price lifted by equities researchers at Craig Hallum from $15.00 to $22.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s price target indicates a potential upside of 41.30% from the stock’s previous close.

ZETA has been the topic of several other research reports. Barclays upped their price target on shares of Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Oppenheimer boosted their target price on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday. Needham & Company LLC boosted their target price on Zeta Global from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm reissued a “buy” rating and issued a $21.00 target price on shares of Zeta Global in a research note on Tuesday. Finally, Canaccord Genuity Group upped their price objective on shares of Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Zeta Global has an average rating of “Buy” and an average target price of $18.75.

Zeta Global Stock Performance

NASDAQ:ZETA opened at $15.57 on Tuesday. Zeta Global has a 52-week low of $7.24 and a 52-week high of $15.90. The business’s fifty day moving average is $11.42 and its 200 day moving average is $9.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -14.69 and a beta of 1.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Entropy Technologies LP bought a new position in shares of Zeta Global during the first quarter valued at $153,000. ProShare Advisors LLC raised its holdings in shares of Zeta Global by 9.7% during the first 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 during the last quarter. Russell Investments Group Ltd. lifted its position 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 during the period. Susquehanna Fundamental Investments LLC bought a new stake in Zeta Global in the 1st quarter worth approximately $955,000. Finally, Swiss National Bank raised its stake in Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

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.