Zeta Global (NYSE:ZETA) Now Covered by Analysts at Bank of America

Bank of America initiated coverage on shares of Zeta Global (NYSE:ZETAGet Free Report) in a report released on Tuesday. The brokerage set a “buy” rating and a $24.00 price target on the stock. Bank of America‘s price objective would suggest a potential upside of 24.66% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. DA Davidson boosted their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.83.

Get Our Latest Analysis on ZETA

Zeta Global Stock Up 0.3%

Shares of ZETA traded up $0.06 during trading hours on Tuesday, reaching $19.25. The stock had a trading volume of 1,965,995 shares, compared to its average volume of 8,602,444. The firm has a 50-day simple moving average of $17.01 and a 200 day simple moving average of $18.16. Zeta Global has a 12 month low of $12.10 and a 12 month high of $24.90. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of -176.40, a P/E/G ratio of 2.59 and a beta of 1.29.

Zeta Global (NYSE:ZETAGet Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The business had revenue of $394.64 million during the quarter, compared to analyst estimates of $378.09 million. During the same quarter in the previous year, the business posted $0.06 EPS. Zeta Global’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts predict that Zeta Global will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. New York State Common Retirement Fund increased its position in shares of Zeta Global by 235.8% during the third quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock valued at $13,597,000 after acquiring an additional 480,495 shares during the last quarter. Vanguard Group Inc. boosted its position in Zeta Global by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares during the last quarter. Perkins Capital Management Inc. bought a new position in Zeta Global in the 3rd quarter valued at $1,143,000. Fort Washington Investment Advisors Inc. OH bought a new position in Zeta Global in the 4th quarter valued at $13,976,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Zeta Global by 314.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 134,977 shares of the company’s stock valued at $2,682,000 after purchasing an additional 102,380 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

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Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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