Zeta Global (NYSE:ZETA) Price Target Raised to $38.00

Zeta Global (NYSE:ZETA) had its price target upped by DA Davidson from $36.00 to $38.00 in a research note published on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. William Blair set a $29.00 price objective on shares of Zeta Global in a research report on Thursday, August 6th. Royal Bank Of Canada upped their price objective on shares of Zeta Global from $31.00 to $40.00 and gave the company an “outperform” rating in a report on Monday. Finally, Freedom Capital lowered shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.73.

Zeta Global Stock Down 2.1%

Shares of ZETA stock opened at $33.02 on Tuesday. Zeta Global has a 52-week low of $14.36 and a 52-week high of $34.80. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of -1,650.90, a PEG ratio of 4.76 and a beta of 1.39. The firm’s 50-day moving average is $29.61 and its 200-day moving average is $22.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 5.32% and a negative net margin of 0.15%.The company’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. Sell-side analysts predict that Zeta Global will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after purchasing an additional 1,406 shares during the period. Cornerstone Planning Group LLC raised its stake in Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock valued at $34,000 after purchasing an additional 867 shares in the last quarter. Versant Capital Management Inc lifted its position in Zeta Global by 54.9% during the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the period. Essential Partners LLC lifted its position in Zeta Global by 30.9% during the first quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after purchasing an additional 630 shares during the period. Finally, IFP Advisors Inc grew its stake in Zeta Global by 211.5% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the company’s stock worth $54,000 after buying an additional 1,857 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

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.