Zeta Global (NASDAQ:ZETA) Coverage Initiated at DA Davidson

Investment analysts at DA Davidson initiated coverage on shares of Zeta Global (NASDAQ:ZETA - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $15.00 price target on the stock. DA Davidson's price objective indicates a potential upside of 42.45% from the stock's previous close.

ZETA has been the topic of several other research reports. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price target on shares of Zeta Global in a report on Wednesday, February 28th. TheStreet upgraded Zeta Global from a "d+" rating to a "c-" rating in a research note on Tuesday, January 30th. William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 28th. Barclays increased their target price on shares of Zeta Global from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley raised their price objective on shares of Zeta Global from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.75.

Zeta Global Stock Performance

Shares of ZETA traded up $0.08 during trading hours on Wednesday, reaching $10.53. 1,075,630 shares of the company traded hands, compared to its average volume of 1,339,782. Zeta Global has a 1-year low of $7.24 and a 1-year high of $11.55. The stock has a market cap of $2.30 billion, a P/E ratio of -8.70 and a beta of 1.20. The stock's fifty day moving average is $10.33 and its 200 day moving average is $9.13. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.36). Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The firm had revenue of $210.00 million during the quarter, compared to analyst estimates of $207.53 million. During the same period last year, the company earned ($0.36) EPS. The company's revenue was up 19.9% on a year-over-year basis. Equities research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in ZETA. Vanguard Group Inc. lifted its position in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock worth $143,647,000 after purchasing an additional 370,912 shares in the last quarter. Legal & General Group Plc raised its position in Zeta Global by 5.3% in the 4th quarter. Legal & General Group Plc now owns 142,380 shares of the company's stock worth $1,256,000 after purchasing an additional 7,161 shares during the last quarter. Barclays PLC boosted its position in Zeta Global by 166.2% in the 4th quarter. Barclays PLC now owns 270,941 shares of the company's stock valued at $2,389,000 after buying an additional 169,165 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Zeta Global in the 4th quarter valued at $167,000. Finally, Nuveen Asset Management LLC raised its position in shares of Zeta Global by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 854,326 shares of the company's stock worth $7,535,000 after acquiring an additional 9,400 shares during the last quarter. Institutional investors own 75.82% of the company's stock.

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.