Zeta Global (NYSE:ZETA) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Zeta Global (NYSE:ZETA) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $34.00 price objective on the stock.

Several other research firms have also commented on ZETA. Morgan Stanley lowered shares of Zeta Global from an overweight rating to an equal weight rating and raised their target price for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Craig Hallum boosted their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a buy rating in a research report on Friday, September 27th. Barclays upped their target price on Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Truist Financial reiterated a buy rating and issued a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Finally, Needham & Company LLC restated a buy rating and set a $36.00 price objective on shares of Zeta Global in a research report on Wednesday. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global has an average rating of Buy and a consensus target price of $35.00.

Zeta Global Trading Up 1.2 %

ZETA stock opened at $31.67 on Wednesday. Zeta Global has a 52 week low of $7.38 and a 52 week high of $34.14. The company’s 50-day simple moving average is $26.81 and its 200 day simple moving average is $19.71. The company has a market capitalization of $6.97 billion, a PE ratio of -35.99 and a beta of 1.27. 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) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. Creative Planning bought a new position in Zeta Global during the 3rd quarter worth $696,000. Essex Investment Management Co. LLC increased its stake in shares of Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares during the period. Juncture Wealth Strategies LLC raised its position in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after acquiring an additional 634 shares during the last quarter. CWM LLC raised its position in shares of Zeta Global by 1,682.3% during the third 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 last quarter. Finally, Diversified Trust Co acquired a new position in shares of Zeta Global in the third quarter worth approximately $463,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.