Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) Price Target at $36.86

Zeta Global Holdings Corp. (NYSE:ZETA) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $36.86.

A number of research firms recently issued reports on ZETA. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lifted their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Barclays dropped their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th.

Zeta Global Stock Down 0.2 %

Zeta Global stock opened at $14.40 on Wednesday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -20.56, a PEG ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $18.31 and its two-hundred day moving average price is $22.70. Zeta Global has a 52 week low of $10.30 and a 52 week high of $38.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. increased its holdings in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. bought a new position in Zeta Global in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC increased its stake in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Zeta Global in the fourth quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global in the fourth quarter valued at approximately $33,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

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.