Zeta Global (NYSE:ZETA) Given New $32.00 Price Target at Barclays

Zeta Global (NYSE:ZETA) had its price objective increased by research analysts at Barclays from $28.00 to $32.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 20.71% from the stock’s current price.

Several other equities analysts have also recently commented on ZETA. Needham & Company LLC boosted their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley boosted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Oppenheimer lifted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday. KeyCorp initiated coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target on the stock. Finally, DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $40.23.

Zeta Global Stock Down 6.1 %

ZETA stock traded down $1.71 during mid-day trading on Wednesday, reaching $26.51. 5,738,366 shares of the company traded hands, compared to its average volume of 2,680,809. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of -37.73 and a beta of 1.29. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The firm’s 50 day moving average price is $29.05 and its 200 day moving average price is $22.51. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS. As a group, equities research analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC purchased a new position in shares of Zeta Global in the third quarter valued at about $769,000. Riggs Asset Managment Co. Inc. raised its holdings in shares of Zeta Global by 142.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock worth $2,267,000 after acquiring an additional 44,596 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Zeta Global during the 3rd quarter worth approximately $1,634,000. Stephens Investment Management Group LLC bought a new stake in Zeta Global in the third quarter worth $7,676,000. Finally, Russell Investments Group Ltd. raised its stake in Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. 75.82% of the stock is owned by institutional investors.

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.