Morgan Stanley Has Lowered Expectations for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its price objective cut by research analysts at Morgan Stanley from $25.00 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 30.91% from the company’s current price.

Several other equities research analysts have also recently commented on the company. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. 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 note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Barclays cut their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. 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 to the company. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

Zeta Global Stock Up 1.0 %

Zeta Global stock opened at $11.46 on Wednesday. The company’s 50-day moving average price is $15.89 and its two-hundred day moving average price is $20.63. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global has a 52 week low of $10.93 and a 52 week high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zeta Global in the fourth quarter worth $51,042,000. Lord Abbett & CO. LLC boosted its position in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the period. Norges Bank purchased a new position in Zeta Global during the 4th quarter valued at about $43,236,000. Renaissance Technologies LLC increased its holdings 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 valued at $84,909,000 after purchasing an additional 2,345,562 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after purchasing an additional 2,244,953 shares in 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.