Zeta Global (NASDAQ:ZETA) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Zeta Global (NASDAQ:ZETA - Free Report) in a research report released on Tuesday, Benzinga reports. Roth Mkm currently has a $21.00 price target on the stock.

ZETA has been the topic of several other reports. Needham & Company LLC lifted their target price on Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a report on Tuesday. Canaccord Genuity Group boosted their price objective on Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a research note on Tuesday. DA Davidson boosted their price objective on Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research note on Tuesday. Bank of America boosted their price objective on Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a research note on Tuesday. Finally, Morgan Stanley raised Zeta Global from an equal weight rating to an overweight rating and boosted their price objective for the company from $12.00 to $17.00 in a research note on Thursday, April 4th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $18.75.

Zeta Global Price Performance

Shares of NASDAQ ZETA traded up $2.37 during mid-day trading on Tuesday, hitting $15.37. 9,170,467 shares of the stock traded hands, compared to its average volume of 1,571,115. The company has a market cap of $3.36 billion, a PE ratio of -12.78 and a beta of 1.12. Zeta Global has a twelve month low of $7.24 and a twelve month high of $15.90. The firm has a 50 day simple moving average of $11.33 and a two-hundred day simple moving average of $9.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76.

Zeta Global (NASDAQ:ZETA - Get Free Report) last announced its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.38) EPS. As a group, equities research analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock valued at $143,647,000 after buying an additional 370,912 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC grew its position in shares of Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company's stock valued at $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new position in shares of Zeta Global during the 4th quarter valued at $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in shares of Zeta Global during the 4th quarter valued at $19,682,000. 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.