Barclays Increases Zeta Global (NYSE:ZETA) Price Target to $32.00

Zeta Global (NYSE:ZETA) had its price objective increased by Barclays from $28.00 to $32.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

ZETA has been the topic of a number of other research reports. Roth Mkm raised their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. KeyCorp initiated coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price objective for the company. Craig Hallum increased their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson boosted their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Truist Financial restated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

Zeta Global Trading Up 1.3 %

Zeta Global stock opened at $17.59 on Wednesday. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The company has a 50 day moving average price of $28.57 and a 200-day moving average price of $22.48. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the firm earned ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities research analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Trading of Zeta Global

A number of institutional investors have recently bought and sold shares of ZETA. Harbour Capital Advisors LLC purchased a new position in shares of Zeta Global in the third quarter worth $769,000. Riggs Asset Managment Co. Inc. increased its position in shares of Zeta Global by 142.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after acquiring an additional 44,596 shares during the period. Stephens Inc. AR purchased a new position in Zeta Global in the 3rd quarter worth $1,634,000. Stephens Investment Management Group LLC acquired a new stake in Zeta Global during the 3rd quarter worth about $7,676,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.