Oppenheimer Boosts Zeta Global (NYSE:ZETA) Price Target to $33.00

Zeta Global (NYSE:ZETA - Free Report) had its price target upped by Oppenheimer from $29.00 to $33.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently commented on ZETA. Truist Financial reaffirmed a "buy" rating and set a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Needham & Company LLC reiterated a "buy" rating and set a $36.00 price objective on shares of Zeta Global in a report on Wednesday, October 9th. B. Riley boosted their price objective on Zeta Global from $30.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Craig Hallum boosted their price target on Zeta Global from $35.00 to $37.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Barclays downgraded Zeta Global from an "overweight" rating to an "equal weight" rating and set a $28.00 price objective for the company. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $35.69.

Zeta Global Trading Up 0.2 %

NYSE:ZETA traded up $0.05 during mid-day trading on Thursday, hitting $26.13. The company had a trading volume of 2,204,728 shares, compared to its average volume of 2,497,522. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $34.14. The firm has a market cap of $5.75 billion, a P/E ratio of -30.23 and a beta of 1.27. The business's fifty day moving average is $27.73 and its two-hundred day moving average is $20.70.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (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 analyst estimates of $212.44 million. The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. As a group, research analysts expect that Zeta Global will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the 3rd quarter valued at about $26,000. Quest Partners LLC boosted 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 during the period. Point72 Hong Kong Ltd acquired a new stake in Zeta Global during the second quarter worth approximately $99,000. Amalgamated Bank increased its stake 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 period. Finally, DekaBank Deutsche Girozentrale acquired a new position in Zeta Global in the 2nd quarter valued at $105,000. 75.82% of the stock is owned by 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.