Zeta Global (NYSE:ZETA) Stock Gets Price Target Increase from DA Davidson

Key Points

• DA Davidson raised Zeta Global’s price target from $36 to $38 while maintaining a “buy” rating, implying 15.47% upside from the prior close.
• Analyst sentiment is broadly positive: nine analysts rate the stock “buy,” three “hold,” and one “sell.” MarketBeat lists a consensus rating of “Moderate Buy” and an average price target of $32.08.
• Zeta reported 43.6% year-over-year revenue growth to $442.77 million, exceeding estimates, but its $0.03 quarterly EPS missed consensus by $0.17. Institutional investors and hedge funds own 87.75% of the stock.

Zeta Global (NYSE:ZETA - Get Free Report) had its price target upped by equities research analysts at DA Davidson from $36.00 to $38.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's price target would suggest a potential upside of 15.47% from the company's previous close.

Several other equities analysts have also commented on ZETA. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a "neutral" rating in a report on Wednesday, June 24th. KeyCorp raised their price target on Zeta Global from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. B. Riley Financial restated a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Needham & Company LLC upped their price objective on Zeta Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their target price on Zeta Global from $31.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.08.

Zeta Global Trading Up 0.9%

Zeta Global stock opened at $32.91 on Tuesday. The firm's 50-day moving average is $28.92 and its 200-day moving average is $22.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. Zeta Global has a 1 year low of $14.36 and a 1 year high of $34.80. The company has a market cap of $8.26 billion, a P/E ratio of -1,645.45, a PEG ratio of 4.60 and a beta of 1.39.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.17). The business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. Zeta Global's quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) EPS. On average, equities analysts expect that Zeta Global will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Royal Bank of Canada raised its position in shares of Zeta Global by 69.8% during the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company's stock worth $8,887,000 after buying an additional 229,533 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Zeta Global by 31.7% in the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company's stock valued at $3,622,000 after acquiring an additional 54,703 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Zeta Global by 133.5% in the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company's stock valued at $1,261,000 after acquiring an additional 45,264 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Zeta Global during the second quarter valued at approximately $2,148,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Zeta Global during the second quarter valued at approximately $3,480,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company's offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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