Zeta Global (NYSE:ZETA) Price Target Raised to $34.00 at Royal Bank of Canada

Zeta Global (NYSE:ZETA - Get Free Report) had its price target hoisted by stock analysts at Royal Bank of Canada from $29.00 to $34.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's target price would indicate a potential upside of 15.25% from the stock's current price.

ZETA has been the topic of several other research reports. Canaccord Genuity Group raised their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Morgan Stanley cut shares of Zeta Global from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Truist Financial reissued a "buy" rating and issued a $30.00 price target (up from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. DA Davidson upped their price objective on Zeta Global from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barclays boosted their target price on Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zeta Global presently has an average rating of "Buy" and a consensus target price of $32.50.

Zeta Global Price Performance

NYSE:ZETA traded down $0.25 on Friday, hitting $29.50. The company had a trading volume of 2,262,072 shares, compared to its average volume of 2,389,840. 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 has a 52 week low of $7.38 and a 52 week high of $32.11. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of -27.87 and a beta of 1.26. The firm has a 50 day moving average of $24.74 and a two-hundred day moving average of $18.12.

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

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Capital World Investors purchased a new stake in Zeta Global during the 4th quarter valued at about $23,560,000. Ophir Asset Management Pty Ltd purchased a new position in shares of Zeta Global during the 4th quarter worth $19,682,000. D. E. Shaw & Co. Inc. increased its stake in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock worth $32,610,000 after purchasing an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Zeta Global in the second quarter worth about $28,698,000. Finally, Granahan Investment Management LLC lifted its holdings in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. 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.