Morgan Stanley Increases Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price objective upped by equities research analysts at Morgan Stanley from $17.00 to $18.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 15.61% from the stock’s current price.

ZETA has been the subject of several other research reports. Oppenheimer upped their target price on shares of Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday. Roth Mkm reissued a “buy” rating and issued a $21.00 target price on shares of Zeta Global in a research note on Tuesday. Barclays boosted their price objective on Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC raised their target price on shares of Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America boosted their price target on Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.75.

Zeta Global Stock Up 1.2 %

NASDAQ ZETA opened at $15.57 on Tuesday. The stock has a market capitalization of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. Zeta Global has a 52 week low of $7.24 and a 52 week high of $15.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a fifty day moving average of $11.42 and a 200-day moving average of $9.82.

Zeta Global (NASDAQ:ZETA) last issued 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. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same quarter in the previous year, the company posted ($0.38) EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently made changes to their positions in the company. Insight Wealth Strategies LLC bought a new position in Zeta Global during the 4th quarter worth $922,000. Legato Capital Management LLC bought a new stake in Zeta Global in the 4th quarter valued at about $929,000. Vanguard Group Inc. grew its position in shares of Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after purchasing an additional 991,678 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after buying an additional 2,037 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Zeta Global by 97.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock worth $5,541,000 after acquiring an additional 327,100 shares during the period. Institutional investors own 75.82% of the company’s stock.

About Zeta Global

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.