Brokerages Set Zeta Global Holdings Corp. (NASDAQ:ZETA) Price Target at $19.95

Zeta Global Holdings Corp. (NASDAQ:ZETA) has been assigned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.95.

Several research firms recently issued reports on ZETA. DA Davidson lifted their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group boosted their price target on Zeta Global from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Bank of America increased their price objective on Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. B. Riley boosted their target price on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Barclays increased their price target on Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.25 on Thursday. The firm has a market cap of $3.77 billion, a P/E ratio of -16.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $18.58. The stock’s 50-day moving average is $13.12 and its two-hundred day moving average is $10.61.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) earnings per share. Analysts predict that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently bought and sold shares of the stock. Halpern Financial Inc. grew its holdings in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares in the last quarter. Optas LLC bought a new stake in Zeta Global in the 4th quarter valued at $88,000. Blue Trust Inc. raised its stake in shares of Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after buying an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Zeta Global during the 4th quarter worth about $100,000. Finally, SlateStone Wealth LLC acquired a new stake in shares of Zeta Global during the 1st quarter valued at about $135,000. 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.