Zeta Global (NYSE:ZETA) Receives “Buy” Rating from Truist Financial

Truist Financial reissued their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a $42.00 price target on the stock, up from their previous price target of $35.00.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC boosted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. B. Riley boosted their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Roth Mkm raised their target price on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Stock Up 1.3 %

ZETA stock opened at $17.59 on Tuesday. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. The company’s 50-day simple moving average is $28.57 and its 200-day simple moving average is $22.48.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business 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 45.22%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. As a group, equities analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the third quarter worth about $26,000. Quest Partners LLC lifted its holdings in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares in the last quarter. Covestor Ltd boosted its position in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. 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.