Zeta Global (NASDAQ:ZETA) PT Raised to $18.00 at Oppenheimer

Zeta Global (NASDAQ:ZETA) had its price target lifted by equities research analysts at Oppenheimer from $14.00 to $18.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 15.61% from the company’s current price.

Several other research analysts also recently weighed in on the stock. DA Davidson began coverage on shares of Zeta Global in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 price target on the stock. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $17.00 in a research report on Thursday, April 4th. TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Zeta Global currently has an average rating of “Buy” and an average price target of $18.75.

Zeta Global Price Performance

Shares of ZETA opened at $15.57 on Tuesday. The firm has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $9.82. The firm has a market cap of $3.40 billion, a PE ratio of -14.69 and a beta of 1.12. 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 has a 1-year low of $7.24 and a 1-year high of $15.90.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) earnings per share. On average, equities analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Institutional Trading of Zeta Global

Several hedge funds have recently bought and sold shares of the stock. Halpern Financial Inc. increased its holdings in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the last quarter. Optas LLC bought a new stake in Zeta Global in the 4th quarter worth approximately $88,000. Blue Trust Inc. raised its holdings in shares of Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after acquiring an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Zeta Global during the 4th quarter valued at approximately $100,000. Finally, SlateStone Wealth LLC purchased a new position in shares of Zeta Global in the first quarter valued at $135,000. Hedge funds and other 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.