Needham & Company LLC Increases Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price target raised by research analysts at Needham & Company LLC from $13.00 to $18.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 15.61% from the stock’s previous close.

ZETA has been the subject of a number of other reports. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $12.00 to $17.00 in a research note on Thursday, April 4th. Oppenheimer upped their target price on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson started coverage on Zeta Global in a research note on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Zeta Global has a consensus rating of “Buy” and a consensus price target of $18.75.

Zeta Global Stock Up 1.2 %

Shares of ZETA opened at $15.57 on Tuesday. The firm has a 50 day simple moving average of $11.42 and a two-hundred day simple moving average of $9.82. The company has a market cap of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. Zeta Global has a one year low of $7.24 and a one 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.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. Zeta Global’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.38) EPS. Research analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently modified their holdings of the company. Halpern Financial Inc. boosted its position in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the last quarter. Optas LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $88,000. Blue Trust Inc. grew its stake in Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after purchasing an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Zeta Global in the fourth quarter worth approximately $100,000. Finally, SlateStone Wealth LLC acquired a new position in Zeta Global in the first quarter valued at approximately $135,000. 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.