Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Zeta Global (NYSE:ZETA) had its price target boosted by investment analysts at Needham & Company LLC from $30.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 21.15% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. B. Riley Financial reiterated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. DA Davidson upped their target price on shares of Zeta Global from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America lifted their price target on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. KeyCorp boosted their price objective on Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, William Blair set a $29.00 price objective on Zeta Global in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Zeta Global Price Performance

Shares of ZETA opened at $33.02 on Friday. The business’s fifty day moving average is $29.61 and its 200 day moving average is $22.73. Zeta Global has a 12-month low of $14.36 and a 12-month high of $34.80. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.29 billion, a P/E ratio of -1,650.90, a P/E/G ratio of 4.76 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. Sell-side analysts anticipate that Zeta Global will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock worth $8,887,000 after purchasing an additional 229,533 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after purchasing an additional 45,264 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Zeta Global by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock worth $3,622,000 after purchasing an additional 54,703 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Zeta Global in the 2nd quarter worth about $2,148,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Zeta Global in the 2nd quarter worth about $3,480,000. 87.75% of the stock is owned by institutional investors.

About Zeta Global

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.