Zeta Global's (ZETA) "Buy" Rating Reiterated at DA Davidson

Zeta Global (NASDAQ:ZETA - Get Free Report)'s stock had its "buy" rating reaffirmed by DA Davidson in a report released on Tuesday, Benzinga reports. They currently have a $30.00 target price on the stock. DA Davidson's price objective points to a potential upside of 20.10% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. B. Riley reissued a "buy" rating and issued a $30.00 price target (up previously from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Barclays lifted their price objective on Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Canaccord Genuity Group increased their target price on Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday. Craig Hallum increased their price objective on Zeta Global from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley cut shares of Zeta Global from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $29.75.

Zeta Global Stock Performance

Shares of ZETA stock traded down $0.73 during trading hours on Tuesday, hitting $24.98. The company's stock had a trading volume of 2,698,144 shares, compared to its average volume of 2,324,581. The company has a 50 day moving average of $22.31 and a 200 day moving average of $16.71. The stock has a market cap of $5.47 billion, a PE ratio of -23.57 and a beta of 1.26. Zeta Global has a 12-month low of $7.38 and a 12-month high of $27.39. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its earnings results 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 firm had revenue of $227.80 million for the quarter, compared to analysts' expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company's revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, sell-side analysts forecast that Zeta Global will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC lifted its position 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 in the last quarter. Halpern Financial Inc. increased its holdings 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 purchasing an additional 830 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Zeta Global in the 2nd quarter valued at about $99,000. Amalgamated Bank grew its position 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Zeta Global in the second quarter valued at approximately $105,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.