Zeta Global (NASDAQ:ZETA) Upgraded to Overweight by Morgan Stanley

Zeta Global (NASDAQ:ZETA - Get Free Report) was upgraded by research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $17.00 price target on the stock, up from their previous price target of $12.00. Morgan Stanley's price objective would indicate a potential upside of 42.44% from the company's previous close.

A number of other equities research analysts have also weighed in on ZETA. DA Davidson initiated coverage on Zeta Global in a research report on Wednesday. They issued a "buy" rating and a $15.00 price objective on the stock. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 28th. Barclays lifted their price objective on Zeta Global from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $13.00 price objective on shares of Zeta Global in a research report on Wednesday, February 28th. Finally, TheStreet upgraded Zeta Global from a "d+" rating to a "c-" rating in a research report on Tuesday, January 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $15.00.

Zeta Global Trading Up 13.3 %

Zeta Global stock traded up $1.41 during trading hours on Thursday, reaching $11.94. The company had a trading volume of 6,176,534 shares, compared to its average volume of 1,414,184. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The company has a 50-day moving average price of $10.33 and a 200 day moving average price of $9.13. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -9.71 and a beta of 1.20. Zeta Global has a 12-month low of $7.24 and a 12-month high of $12.44.

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

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock worth $143,647,000 after acquiring an additional 370,912 shares in the last quarter. BlackRock Inc. boosted its holdings in Zeta Global by 23.5% in the second quarter. BlackRock Inc. now owns 9,814,077 shares of the company's stock worth $83,812,000 after acquiring an additional 1,868,870 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock worth $71,554,000 after acquiring an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC boosted its holdings in Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company's stock worth $54,519,000 after acquiring an additional 5,806,578 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Zeta Global by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company's stock worth $36,734,000 after acquiring an additional 10,300 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors.

About Zeta Global

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.