Zeta Global (NYSE:ZETA) Price Target Raised to $34.00

Zeta Global (NYSE:ZETA) had its price objective raised by Bank of America from $29.00 to $34.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Needham & Company LLC lifted their target price on Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. DA Davidson increased their target price on shares of Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price target on Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup increased their price target on Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $30.77.

Zeta Global Price Performance

Zeta Global stock opened at $29.00 on Wednesday. The stock has a 50-day moving average price of $22.63 and a two-hundred day moving average price of $19.46. Zeta Global has a 12 month low of $14.36 and a 12 month high of $29.89. The company has a market capitalization of $7.28 billion, a PE ratio of -1,450.00, a P/E/G ratio of 3.93 and a beta of 1.39. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts expect that Zeta Global will post 0.21 EPS for the current year.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.74% of the stock is owned by corporate insiders.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Zeta Global by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares during the last quarter. Contour Asset Management LLC grew its holdings in Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after buying an additional 2,327,907 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in Zeta Global in the 3rd quarter valued at $121,502,000. Goldman Sachs Group Inc. raised its position in Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock valued at $113,603,000 after buying an additional 673,145 shares during the last quarter. Finally, Capital World Investors raised its position in Zeta Global by 0.7% in the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock valued at $102,030,000 after buying an additional 33,923 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.