Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity raised Zeta Global’s price target from $30 to $37 and maintained a “buy” rating, implying 12.06% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $33.
• Zeta Global reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but adjusted EPS of $0.03 missed expectations of $0.20.
• Institutional investors hold 87.75% of Zeta Global’s shares, with several major funds increasing their positions during recent quarters.

Zeta Global (NYSE:ZETA - Get Free Report) had its price target increased by Canaccord Genuity Group from $30.00 to $37.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 12.06% from the stock's previous close.

A number of other equities analysts have also weighed in on ZETA. Royal Bank Of Canada boosted 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. KeyCorp raised their target price on Zeta Global from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. DA Davidson upped their target price on shares of Zeta Global from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, B. Riley Financial reissued a "buy" rating and set a $32.00 price target (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.00.

Zeta Global Trading Down 2.1%

Shares of NYSE:ZETA opened at $33.02 on Friday. The company has a market cap of $8.29 billion, a PE ratio of -1,650.90, a P/E/G ratio of 4.76 and a beta of 1.39. Zeta Global has a fifty-two week low of $14.36 and a fifty-two week high of $34.80. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The company's 50-day moving average price is $29.61 and its 200 day moving average price is $22.73.

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

Institutional Trading of Zeta Global

Large investors have recently bought and sold shares of the business. Contour Asset Management LLC grew its holdings in shares of 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 purchasing an additional 2,327,907 shares during the last quarter. Bank of America Corp DE grew its position in shares of Zeta Global by 47.7% during the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock valued at $61,351,000 after buying an additional 1,244,057 shares during the last quarter. Granahan Investment Management LLC grew its position in Zeta Global by 110.3% in the fourth quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company's stock worth $53,269,000 after buying an additional 1,373,164 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Zeta Global by 75.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company's stock valued at $45,583,000 after purchasing an additional 1,234,412 shares during the last quarter. Finally, P2 Capital Partners LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $34,595,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

About Zeta Global

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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