Zeta Global (NASDAQ:ZETA) Given New $18.50 Price Target at B. Riley

Zeta Global (NASDAQ:ZETA) had its target price upped by equities researchers at B. Riley from $15.50 to $18.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 18.82% from the stock’s current price.

A number of other brokerages also recently issued reports on ZETA. Needham & Company LLC boosted their price objective on shares of Zeta Global from $13.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. Craig Hallum lifted their price objective on Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson increased their target price on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays lifted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.75.

Zeta Global Stock Performance

ZETA stock opened at $15.57 on Tuesday. The company has a market cap of $3.40 billion, a P/E ratio of -14.69 and a beta of 1.12. 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 has a 1 year low of $7.24 and a 1 year high of $15.90. The stock’s fifty day moving average price is $11.42 and its 200-day moving average price is $9.82.

Zeta Global (NASDAQ:ZETA) last released its quarterly 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 firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) EPS. On average, equities analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently bought and sold shares of the stock. Insight Wealth Strategies LLC bought a new position in shares of Zeta Global during the 4th quarter valued at about $922,000. Legato Capital Management LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth about $929,000. Vanguard Group Inc. boosted its stake in Zeta Global by 6.6% during the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after buying an additional 991,678 shares during the last quarter. Blue Trust Inc. grew its holdings in Zeta Global by 22.8% during the 4th 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% in 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 last quarter. 75.82% of the stock is 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.