Zeta Global (NASDAQ:ZETA) PT Raised to $33.00 at Needham & Company LLC

Zeta Global (NASDAQ:ZETA - Get Free Report) had its target price increased by research analysts at Needham & Company LLC from $28.00 to $33.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective would indicate a potential upside of 28.30% from the company's current price.

Other research analysts also recently issued reports about the company. Craig Hallum lifted their target price on Zeta Global from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday. B. Riley reissued a "buy" rating and set a $30.00 price target (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Canaccord Genuity Group lifted their price target on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Friday. Bank of America lifted their price objective on Zeta Global from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, June 24th. Finally, Royal Bank of Canada lifted their price objective on Zeta Global from $23.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $28.83.

Zeta Global Stock Performance

Shares of NASDAQ ZETA traded up $0.66 during midday trading on Monday, hitting $25.72. 5,170,982 shares of the company's stock were exchanged, compared to its average volume of 2,322,421. 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 has a 12 month low of $7.38 and a 12 month high of $27.39. The company's 50 day moving average price is $22.16 and its 200 day moving average price is $16.61. The firm has a market capitalization of $5.66 billion, a PE ratio of -24.26 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The business's revenue was up 32.6% compared to the same quarter last year. As a group, analysts predict that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors have recently modified their holdings of the business. Quest Partners LLC grew its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company's stock worth $41,000 after acquiring an additional 2,183 shares during the last quarter. Halpern Financial Inc. grew its position in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock worth $56,000 after acquiring an additional 830 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Zeta Global during the 2nd quarter worth $99,000. Amalgamated Bank grew its position in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company's stock worth $100,000 after acquiring an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Zeta Global during the 2nd quarter worth $105,000. Institutional investors and hedge funds 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.