Zeta Global (NASDAQ:ZETA) Price Target Cut to $9.50

Zeta Global (NASDAQ:ZETAGet Rating) had its price target reduced by research analysts at Credit Suisse Group from $12.00 to $9.50 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 37.88% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer cut their price target on shares of Zeta Global from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, June 3rd. Morgan Stanley raised their target price on shares of Zeta Global from $6.50 to $7.00 and gave the company an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.70.

Zeta Global Stock Performance

Shares of ZETA opened at $6.89 on Thursday. The company has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $8.77. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.76. Zeta Global has a 52-week low of $4.09 and a 52-week high of $13.46.

Zeta Global (NASDAQ:ZETAGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). The company had revenue of $126.27 million during the quarter, compared to analysts’ expectations of $119.57 million. Zeta Global had a negative net margin of 56.14% and a negative return on equity of 342.24%. On average, analysts predict that Zeta Global will post -1.75 earnings per share for the current year.

Insider Buying and Selling at Zeta Global

In other news, SVP Satish Ravella sold 6,185 shares of Zeta Global stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $5.64, for a total transaction of $34,883.40. Following the completion of the sale, the senior vice president now directly owns 239,228 shares in the company, valued at $1,349,245.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 8,671 shares of company stock worth $48,067.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently modified their holdings of ZETA. Qube Research & Technologies Ltd purchased a new stake in shares of Zeta Global during the fourth quarter worth about $177,000. New York State Common Retirement Fund boosted its position in shares of Zeta Global by 18.5% in the fourth quarter. New York State Common Retirement Fund now owns 163,144 shares of the company’s stock worth $1,374,000 after acquiring an additional 25,464 shares during the last quarter. Ironwood Investment Management LLC acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $607,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $472,000. Finally, Bullseye Asset Management LLC boosted its position in shares of Zeta Global by 680.4% in the fourth quarter. Bullseye Asset Management LLC now owns 437,383 shares of the company’s stock worth $3,632,000 after acquiring an additional 381,338 shares during the last quarter. 23.25% of the stock is currently owned by hedge funds and other institutional investors.

About Zeta Global

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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. Its 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.

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