Zeta Global (NYSE:ZETA) PT Raised to $37.00

Zeta Global (NYSE:ZETA - Get Free Report) had its price target lifted by equities researchers at Craig Hallum from $35.00 to $37.00 in a report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Craig Hallum's price objective would suggest a potential upside of 25.38% from the company's previous close.

Several other brokerages have also recently issued reports on ZETA. B. Riley reiterated a "buy" rating and issued a $30.00 price objective (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Morgan Stanley cut Zeta Global from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Barclays raised their price target on Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. DA Davidson raised their price target on Zeta Global from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Monday. Finally, Truist Financial restated a "buy" rating and issued a $30.00 price target (up from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global has a consensus rating of "Buy" and an average price target of $32.50.

Zeta Global Stock Down 0.8 %

Shares of NYSE ZETA traded down $0.24 during mid-day trading on Friday, hitting $29.51. The company had a trading volume of 2,209,290 shares, compared to its average volume of 2,389,840. The company has a market capitalization of $6.49 billion, a PE ratio of -27.87 and a beta of 1.26. 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 $7.38 and a 1-year high of $32.11. The business's 50-day simple moving average is $24.74 and its 200 day simple moving average is $18.12.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm's revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) earnings per share. On average, analysts predict that Zeta Global will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the company. Quest Partners LLC grew its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Halpern Financial Inc. grew its holdings in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock worth $56,000 after buying an additional 830 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global during the second quarter worth about $99,000. Amalgamated Bank grew its holdings in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company's stock worth $100,000 after buying an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Zeta Global during the second quarter worth about $105,000. 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.