Zeta Global’s (ZETA) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $28.00 price objective on the stock.

Other analysts also recently issued reports about the stock. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a report on Wednesday. Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays raised their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.07.

Zeta Global Trading Up 3.5 %

Zeta Global stock opened at $17.24 on Wednesday. Zeta Global has a 52 week low of $9.97 and a 52 week high of $38.20. The stock has a 50-day moving average price of $19.33 and a 200 day moving average price of $23.73. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -24.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Optiver Holding B.V. raised 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 valued at $25,000 after acquiring an additional 532 shares during the last quarter. Covestor Ltd lifted its position in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $27,000. Finally, Coppell Advisory Solutions LLC increased its position in shares of Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. 87.75% of the stock is 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.