DA Davidson Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They currently have a $27.00 target price on the stock. DA Davidson’s price target points to a potential upside of 52.24% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $23.00 price target on shares of Zeta Global in a report on Thursday, November 6th. Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Bank of America raised their target price on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Canaccord Genuity Group lifted their target price on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average target price of $26.18.

Zeta Global Price Performance

ZETA stock traded up $0.47 during mid-day trading on Monday, reaching $17.74. The company’s stock had a trading volume of 2,863,257 shares, compared to its average volume of 7,226,790. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $27.79. The stock has a market cap of $4.27 billion, a PE ratio of -147.89 and a beta of 1.27. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $19.18 and its two-hundred day moving average is $17.01.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after acquiring an additional 560 shares in the last quarter. Palouse Capital Management Inc. grew its position in Zeta Global by 6.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock valued at $167,000 after acquiring an additional 619 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Zeta Global by 15.3% during the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock worth $82,000 after purchasing an additional 702 shares during the period. D.A. Davidson & CO. lifted its position in shares of Zeta Global by 1.2% during the third quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock worth $1,321,000 after purchasing an additional 799 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Zeta Global by 1.3% in the second quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock valued at $981,000 after purchasing an additional 804 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.