Zeta Global (NYSE:ZETA) Rating Reiterated by Needham & Company LLC

by · The Cerbat Gem

Needham & Company LLC reiterated their buy rating on shares of Zeta Global (NYSE:ZETA – Free Report) in a report released on Wednesday, Benzinga reports. They currently have a $36.00 price target on the stock.

Several other research firms also recently commented on ZETA. B. Riley boosted their price objective on Zeta Global from $30.00 to $37.00 and gave the company a buy rating in a report on Monday, September 30th. Canaccord Genuity Group boosted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a research note on Friday, September 6th. Craig Hallum raised their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday, September 27th. Morgan Stanley downgraded shares of Zeta Global from an overweight rating to an equal weight rating and boosted their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Barclays boosted their price objective on Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $35.00.

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Zeta Global Trading Up 1.2 %

Shares of ZETA stock opened at $31.66 on Wednesday. The company has a market cap of $6.93 billion, a P/E ratio of -29.87 and a beta of 1.27. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $34.14. The stock has a 50 day simple moving average of $26.81 and a two-hundred day simple moving average of $19.64. 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 (NYSE:ZETA – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) EPS. Research analysts forecast that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC increased its position in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the last quarter. CWM LLC grew its stake in shares of Zeta Global by 1,682.3% during the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after acquiring an additional 4,946 shares during the period. Halpern Financial Inc. increased its holdings in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Zeta Global in the 2nd quarter valued at about $99,000. Finally, Amalgamated Bank lifted its holdings in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

About Zeta Global

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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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