DA Davidson Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its price target upped by DA Davidson from $39.00 to $42.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

ZETA has been the subject of a number of other reports. Royal Bank of Canada raised their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer lifted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Barclays lowered Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $39.08.

Zeta Global Price Performance

NYSE ZETA opened at $28.22 on Tuesday. The company has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $22.51. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of -32.07 and a beta of 1.29. 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 (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the business earned ($0.27) EPS. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Equities research analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter worth $26,000. Farther Finance Advisors LLC boosted its stake in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares in the last quarter. Covestor Ltd increased its position in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Company Profile

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.