Zeta Global (NYSE:ZETA) Price Target Raised to $41.00

Zeta Global (NYSE:ZETA) had its target price upped by equities researchers at Morgan Stanley from $30.00 to $41.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 45.29% from the stock’s previous close.

Several other analysts also recently weighed in on ZETA. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday. Oppenheimer boosted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.92.

Zeta Global Stock Performance

Zeta Global stock opened at $28.22 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The firm has a market capitalization of $6.21 billion, a P/E ratio of -40.31 and a beta of 1.29. The company’s 50-day moving average is $29.05 and its 200 day moving average is $22.51.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the company earned ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. Research analysts forecast that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. raised its stake in Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Zeta Global during the 2nd quarter worth $28,698,000. Renaissance Technologies LLC raised its stake in Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after acquiring an additional 929,800 shares in the last quarter. Millennium Management LLC raised its stake in Zeta Global by 358.3% during the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after acquiring an additional 929,792 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Zeta Global in the second quarter valued at $9,783,000. 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.