Zeta Global (NYSE:ZETA) Given New $37.00 Price Target at Canaccord Genuity Group

Zeta Global (NYSE:ZETA – Get Free Report) had its target price increased by stock analysts at Canaccord Genuity Group from $30.00 to $37.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 12.06% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. DA Davidson boosted their target price on Zeta Global from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp upped their price objective on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Bank of America upped their price objective on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their target price on Zeta Global from $31.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday. Nine 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. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

View Our Latest Stock Report on Zeta Global

Zeta Global Stock Down 2.1%

Zeta Global stock opened at $33.02 on Friday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -1,650.90, a PEG ratio of 4.76 and a beta of 1.39. 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 fifty day simple moving average of $29.61 and a two-hundred day simple moving average of $22.73. Zeta Global has a 12 month low of $14.36 and a 12 month high of $34.80.

Zeta Global (NYSE:ZETA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. Equities analysts predict that Zeta Global will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently made changes to their positions in the company. Contour Asset Management LLC raised its position in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the period. Bank of America Corp DE lifted its stake in Zeta Global by 47.7% in the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock worth $61,351,000 after acquiring an additional 1,244,057 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zeta Global by 75.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock valued at $45,583,000 after acquiring an additional 1,234,412 shares in the last quarter. Granahan Investment Management LLC grew its position in Zeta Global by 110.3% during the fourth quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company’s stock worth $53,269,000 after buying an additional 1,373,164 shares in the last quarter. Finally, P2 Capital Partners LLC acquired a new stake in shares of Zeta Global during the 4th quarter worth about $34,595,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

(Get Free Report)

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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