Zeta Global Holdings Corp. (NYSE:ZETA) Stock Has Consensus Target Price of $30.77 According to Analysts

by · The Markets Daily

Shares of Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.77.

A number of analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson increased their price target on Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. KeyCorp raised their price objective on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Finally, Bank of America increased their target price on Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th.

Read Our Latest Stock Analysis on Zeta Global

Zeta Global Trading Down 0.3%

NYSE:ZETA opened at $29.49 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of -1,474.50, a PEG ratio of 4.16 and a beta of 1.43. The firm has a fifty day simple moving average of $27.61 and a two-hundred day simple moving average of $21.81. Zeta Global has a 12 month low of $14.36 and a 12 month high of $32.81.

Zeta Global (NYSE:ZETA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The company had revenue of $442.77 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. Analysts expect that Zeta Global will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZETA. Tidal Investments LLC acquired a new position in shares of Zeta Global during the second quarter valued at about $8,380,000. WINTON GROUP Ltd acquired a new stake in shares of Zeta Global in the 2nd quarter worth about $3,480,000. Engineers Gate Manager LP raised its holdings in shares of Zeta Global by 12.7% in the 2nd quarter. Engineers Gate Manager LP now owns 69,707 shares of the company’s stock worth $1,372,000 after acquiring an additional 7,882 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Zeta Global by 4.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after acquiring an additional 469 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Zeta Global by 211.5% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the company’s stock valued at $54,000 after acquiring an additional 1,857 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

(Get Free Report)

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.

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