Zeta Global (NYSE:ZETA) Shares Gap Up After Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up before the market opened on Thursday after Barclays raised their price target on the stock from $28.00 to $32.00. The stock had previously closed at $17.76, but opened at $19.12. Barclays currently has an equal weight rating on the stock. Zeta Global shares last traded at $16.88, with a volume of 7,662,523 shares traded.

A number of other equities analysts also recently commented on ZETA. Oppenheimer lifted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. B. Riley increased their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada raised their target price on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. Canaccord Genuity Group upped their price target on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson boosted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.23.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the company. FORA Capital LLC purchased a new position in shares of Zeta Global in the 3rd quarter valued at $2,804,000. MetLife Investment Management LLC grew its holdings in shares of Zeta Global by 7.4% during the third quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock worth $3,052,000 after purchasing an additional 7,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Zeta Global by 29.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock worth $16,810,000 after purchasing an additional 126,531 shares in the last quarter. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Zeta Global by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock valued at $3,730,000 after purchasing an additional 15,342 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Stock Down 5.0 %

The stock has a market cap of $3.71 billion, a PE ratio of -25.33 and a beta of 1.29. The business has a 50 day moving average of $28.90 and a 200-day moving average of $22.48. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the business posted ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities research analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

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.