Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.14 Average PT from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.1429.

A number of equities analysts have recently issued reports on ZETA shares. Morgan Stanley increased their target price on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upped their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Bank of America boosted their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group upped their price target on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZETA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Zeta Global by 753.3% during 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 valued at $85,513,000 after acquiring an additional 5,567,201 shares during the period. Greenvale Capital LLP increased its stake in Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares in the last quarter. Yong Rong HK Asset Management Ltd purchased a new position in Zeta Global in the 1st quarter valued at approximately $38,748,000. Marshall Wace LLP raised its holdings in Zeta Global by 857.2% during the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock worth $41,503,000 after purchasing an additional 2,399,408 shares during the last quarter. Finally, Norges Bank purchased a new stake in Zeta Global during the second quarter worth $33,474,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $20.42 on Wednesday. Zeta Global has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a 50-day moving average price of $17.48 and a 200 day moving average price of $15.06. The company has a market cap of $4.86 billion, a P/E ratio of -107.45 and a beta of 1.30. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

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.