Zeta Global (NASDAQ:ZETA) Receives “Buy” Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Zeta Global (NASDAQ:ZETA) in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a $21.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer boosted their price target on shares of Zeta Global from $14.00 to $18.00 and gave the company an outperform rating in a report on Tuesday. William Blair restated an outperform rating on shares of Zeta Global in a research report on Wednesday, February 28th. Bank of America lifted their price target on Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a report on Tuesday. Barclays increased their price objective on Zeta Global from $14.00 to $15.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Canaccord Genuity Group lifted their target price on Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $18.75.

Zeta Global Trading Up 18.2 %

Shares of NASDAQ:ZETA opened at $15.37 on Tuesday. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90. The firm has a 50-day simple moving average of $11.33 and a 200 day simple moving average of $9.77. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.38) earnings per share. On average, sell-side analysts predict that Zeta Global will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in shares of Zeta Global by 530.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 157,802 shares of the company’s stock valued at $1,318,000 after purchasing an additional 132,789 shares in the last quarter. Independent Advisor Alliance bought a new stake in Zeta Global during the third quarter worth approximately $207,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zeta Global by 37.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock worth $278,000 after buying an additional 9,027 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Zeta Global by 24.4% in the third quarter. Mackenzie Financial Corp now owns 123,655 shares of the company’s stock valued at $992,000 after buying an additional 24,283 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Zeta Global by 27.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock valued at $316,000 after acquiring an additional 8,067 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

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.