Zeta Global (NYSE:ZETA – Get Free Report) had its price objective upped by analysts at Bank of America from $29.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 18.22% from the company’s current price.
ZETA has been the subject of a number of other research reports. Freedom Capital downgraded shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Needham & Company LLC lifted their price objective on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. William Blair set a $29.00 target price on Zeta Global in a research note on Thursday, August 6th. KeyCorp raised their price target on Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Citigroup boosted their price target on Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.77.
Check Out Our Latest Stock Analysis on Zeta Global
Zeta Global Stock Up 1.9%
Zeta Global (NYSE:ZETA – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The business had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. Zeta Global’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. Sell-side analysts predict that Zeta Global will post 0.21 EPS for the current year.
Insider Buying and Selling at Zeta Global
In other news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.74% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Zeta Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its holdings in Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,260 shares during the last quarter. DV Equities LLC acquired a new position in Zeta Global in the 4th quarter valued at $29,000. Binnacle Investments Inc bought a new position in Zeta Global in the 3rd quarter worth $30,000. United Community Bank acquired a new position in Zeta Global during the 4th quarter worth $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Zeta Global by 204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after acquiring an additional 1,406 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.
Zeta Global Company Profile
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.
Read More
- Five stocks we like better than Zeta Global
- Why Lowe’s Could Be a Bargain Before Housing Recovers
- Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play
- Datavault AI Locks Down CyberCatch in $94M Security Rollup
- Quantum Stocks Are Starting to Choose Sides: Should Investors Do the Same?
Receive News & Ratings for Zeta Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zeta Global and related companies with MarketBeat.com's FREE daily email newsletter.
