Zeta Global (NYSE:ZETA) Stock Rating Reaffirmed by Truist Financial

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "buy" rating restated by Truist Financial in a research note issued on Friday, Benzinga reports. They presently have a $35.00 price objective on the stock, up from their previous price objective of $30.00. Truist Financial's price target would suggest a potential upside of 18.60% from the stock's current price.

Other equities analysts have also issued reports about the stock. Oppenheimer boosted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Craig Hallum boosted their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Friday. DA Davidson boosted their price target on shares of Zeta Global from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley downgraded shares of Zeta Global from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their price objective on shares of Zeta Global from $29.00 to $34.00 and gave the company an "outperform" rating in a research report on Friday. 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 stock. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of "Buy" and an average target price of $32.50.

Zeta Global Stock Down 0.8 %

NYSE:ZETA traded down $0.24 during midday trading on Friday, reaching $29.51. 725,819 shares of the stock traded hands, compared to its average volume of 2,381,906. 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 12-month low of $7.38 and a 12-month high of $32.11. The stock has a market capitalization of $6.49 billion, a PE ratio of -27.87 and a beta of 1.26. The business 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 released its quarterly 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). The firm had revenue of $227.80 million for 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 quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. On average, equities analysts forecast that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock worth $143,647,000 after purchasing an additional 370,912 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company's stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Zeta Global in the first quarter valued at $4,113,000. Scalar Gauge Management LLC acquired a new position in shares of Zeta Global in the fourth quarter valued at $6,411,000. Finally, Granahan Investment Management LLC raised its stake in shares of Zeta Global by 15.3% in 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. 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.

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