Zeta Global (NYSE:ZETA) Shares Gap Up on Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Thursday after Barclays raised their price target on the stock from $28.00 to $32.00. The stock had previously closed at $17.76, but opened at $19.12. Barclays currently has an equal weight rating on the stock. Zeta Global shares last traded at $16.88, with a volume of 7,662,523 shares trading hands.

A number of other analysts also recently weighed in on the stock. B. Riley boosted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity Group increased their price target on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC boosted their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, KeyCorp assumed coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target for the company. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.23.

Institutional Trading of Zeta Global

Large investors have recently added to or reduced their stakes in the company. Juncture Wealth Strategies LLC raised its position in Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter valued at $26,000. Amalgamated Bank grew its position in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Down 5.0 %

The stock has a market cap of $3.71 billion, a PE ratio of -25.33 and a beta of 1.29. The business has a 50-day moving average price of $28.90 and a 200-day moving average price of $22.48. 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 (NYSE:ZETA) last announced its earnings results 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 company had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) EPS. As a group, analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

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.