Morgan Stanley Issues Pessimistic Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA - Get Free Report) had its price target reduced by equities research analysts at Morgan Stanley from $41.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 51.69% from the stock's current price.

ZETA has been the topic of a number of other reports. KeyCorp lowered shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday. Canaccord Genuity Group increased their price objective on Zeta Global from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday. Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays lifted their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Oppenheimer raised their price target on Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and a consensus price target of $39.08.

Zeta Global Stock Down 1.3 %

NYSE:ZETA traded down $0.23 during mid-day trading on Friday, hitting $17.14. The stock had a trading volume of 17,934,504 shares, compared to its average volume of 3,071,098. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The stock has a 50-day simple moving average of $28.72 and a two-hundred day simple moving average of $22.44. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.77 billion, a PE ratio of -24.89 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global's revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. On average, equities research analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the third quarter valued at about $26,000. Farther Finance Advisors LLC grew its holdings in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd raised its holdings in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after buying an additional 1,451 shares during the period. Advisors Asset Management Inc. lifted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after buying an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Zeta Global by 1,718.9% during the 2nd 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 period. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.