Zeta Global (NYSE:ZETA) Coverage Initiated at Bank of America

Equities researchers at Bank of America assumed coverage on shares of Zeta Global (NYSE:ZETA) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $24.00 price target on the stock. Bank of America‘s target price indicates a potential upside of 24.66% from the company’s current price.

A number of other equities analysts have also recently commented on ZETA. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. DA Davidson increased their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Price Performance

ZETA stock traded up $0.06 during mid-day trading on Tuesday, hitting $19.25. The stock had a trading volume of 1,965,995 shares, compared to its average volume of 8,602,444. The firm has a fifty day simple moving average of $17.01 and a 200 day simple moving average of $18.16. The firm has a market capitalization of $4.70 billion, a P/E ratio of -176.40, a P/E/G ratio of 2.59 and a beta of 1.29. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global has a 52 week low of $12.10 and a 52 week high of $24.90.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The company had revenue of $394.64 million during the quarter, compared to the consensus estimate of $378.09 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, research analysts forecast that Zeta Global will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its holdings in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC acquired a new position in shares of Zeta Global during the fourth quarter valued at about $29,000. Binnacle Investments Inc bought a new position in shares of Zeta Global during the 3rd quarter worth about $30,000. United Community Bank bought a new position in shares of Zeta Global during the 4th quarter worth about $31,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after buying an additional 1,406 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.