Zeta Global (NASDAQ:ZETA) PT Raised to $17.00 at Canaccord Genuity Group

Zeta Global (NASDAQ:ZETA) had its price objective increased by analysts at Canaccord Genuity Group from $13.00 to $17.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 9.18% from the stock’s current price.

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

Zeta Global Stock Performance

ZETA opened at $15.57 on Tuesday. Zeta Global has a twelve month low of $7.24 and a twelve month high of $15.90. The stock has a market cap of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. The business’s 50 day moving average is $11.42 and its 200-day moving average is $9.82. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.38) EPS. On average, analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Trading of Zeta Global

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