Zeta Global Holdings Corp. (NYSE:ZETA) Receives $36.86 Average Target Price from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.64.

A number of analysts recently issued reports on ZETA shares. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley raised their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its stake in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after acquiring an additional 892 shares in the last quarter. State Street Corp grew its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Zeta Global during the third quarter worth about $734,000. Barclays PLC increased its position in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after acquiring an additional 112,238 shares during the period. Finally, Geode Capital Management LLC raised its stake in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after acquiring an additional 674,192 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

NYSE:ZETA opened at $11.98 on Friday. The company’s 50-day moving average is $16.29 and its two-hundred day moving average is $20.82. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -17.11, a PEG ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a 1-year low of $10.93 and a 1-year high of $38.20.

About Zeta Global

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.