Bank of America Increases Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price target boosted by investment analysts at Bank of America from $15.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 15.61% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Oppenheimer lifted their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays boosted their price target on shares of Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Zeta Global in a research note on Wednesday, February 28th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $18.75.

Zeta Global Stock Up 1.2 %

Shares of NASDAQ:ZETA opened at $15.57 on Tuesday. The firm has a fifty day moving average price of $11.42 and a 200 day moving average price of $9.82. Zeta Global has a 1-year low of $7.24 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12.

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

Institutional Trading of Zeta Global

A number of institutional investors have recently bought and sold shares of ZETA. Vanguard Group Inc. raised its stake in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after buying an additional 370,912 shares during the last quarter. Granahan Investment Management LLC raised its position in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. Praesidium Investment Management Company LLC lifted its holdings in shares of Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in shares of Zeta Global during the 4th quarter worth approximately $19,682,000. 75.82% of the stock is currently owned by hedge funds and other 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.