Zeta Global Holdings Corp. (NYSE:ZETA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $30.36.

A number of research analysts have commented on the company. Barclays lowered their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. DA Davidson decreased their target price on Zeta Global from $42.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group decreased their target price on Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, Truist Financial decreased their target price on Zeta Global from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th.

Zeta Global Trading Up 2.1%

ZETA opened at $15.34 on Friday. The business has a 50 day simple moving average of $13.39 and a two-hundred day simple moving average of $16.00. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -52.89, a PEG ratio of 33.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. Zeta Global has a one year low of $10.69 and a one year high of $38.20.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after purchasing an additional 489,499 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after buying an additional 2,345,562 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after buying an additional 306,592 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after buying an additional 2,244,953 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.