Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Freedom Broker Analyst Says

Key Points

• Freedom Broker raised its Zeta Global price target from $29 to $33 but maintained a Hold rating, with its target implying 11.64% downside from the current share price.
• Analyst sentiment is broadly positive: Zeta has a Moderate Buy consensus rating and a $37.94 consensus price target; 13 analysts rate it Buy or Strong Buy.
• Zeta beat quarterly expectations, reporting adjusted EPS of $0.38 versus $0.28 expected and revenue of $492.66 million versus $471.08 million expected. Revenue grew 46.1% year over year.

Zeta Global (NYSE:ZETA - Get Free Report) had its target price boosted by research analysts at Freedom Broker from $29.00 to $33.00 in a report issued on Friday, Benzinga reports. The firm currently has a "hold" rating on the stock. Freedom Broker's target price would indicate a potential downside of 11.64% from the stock's current price.

ZETA has been the subject of several other reports. William Blair set a $29.00 target price on Zeta Global in a report on Thursday, August 6th. Bank of America lifted their price target on Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Royal Bank Of Canada boosted their price objective on Zeta Global from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday. DA Davidson increased their price objective on Zeta Global from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.94.

Zeta Global Stock Performance

NYSE ZETA opened at $37.35 on Friday. The company has a 50-day simple moving average of $32.06 and a two-hundred day simple moving average of $23.06. The company has a quick ratio of 2.38, a current ratio of 2.30 and a debt-to-equity ratio of 0.24. Zeta Global has a 12-month low of $14.36 and a 12-month high of $38.46. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 266.78, a PEG ratio of 3.59 and a beta of 1.25.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. The firm had revenue of $492.66 million for the quarter, compared to analysts' expectations of $471.08 million. Zeta Global had a return on equity of 10.87% and a net margin of 2.30%. The company's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, equities analysts forecast that Zeta Global will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Zeta Global by 47.7% in the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock valued at $61,351,000 after acquiring an additional 1,244,057 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Zeta Global by 75.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company's stock worth $45,583,000 after purchasing an additional 1,234,412 shares during the period. Principal Financial Group Inc. lifted its position in shares of Zeta Global by 7,696.7% in the 1st quarter. Principal Financial Group Inc. now owns 868,239 shares of the company's stock worth $13,822,000 after purchasing an additional 857,103 shares during the period. Tidal Investments LLC bought a new stake in shares of Zeta Global during the 2nd quarter valued at about $8,380,000. Finally, First Trust Advisors LP boosted its stake in shares of Zeta Global by 178.7% during the 3rd quarter. First Trust Advisors LP now owns 524,616 shares of the company's stock valued at $16,562,000 after purchasing an additional 336,367 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Key Stories Impacting Zeta Global

These are some of the ZETA stories that stood out recently:

• Positive Sentiment: Zeta reported Q3 adjusted EPS of $0.38 versus $0.28 expected and revenue of $492.66 million versus $471.08 million expected. Revenue grew 46.1% year over year, and the company raised its full-year outlook. ZETA Q3 Earnings & Revenues Beat Estimates
• Positive Sentiment: Accelerating organic growth, wider adoption of Athena AI, improving margins and strong cash flow are supporting the growth case. Is ZETA a Buy as Growth Surges?
• Positive Sentiment: Zacks Research upgraded ZETA to “strong-buy,” and the shares reached a new one-year high following an analyst upgrade. RBC Capital also reaffirmed its Buy rating. Zacks Research recommendations

About Zeta Global

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle. The company's products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta's offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

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