Wall Street Zen Downgrades Zeta Global (NYSE:ZETA) to Hold

Zeta Global (NYSE:ZETA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. Citigroup began coverage on Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 target price on the stock. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Needham & Company LLC reaffirmed a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. UBS Group set a $29.00 price target on shares of Zeta Global in a research report on Tuesday, November 25th. Finally, DA Davidson raised their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Zeta Global Stock Performance

ZETA stock opened at $16.94 on Friday. The company has a market capitalization of $4.07 billion, a P/E ratio of -112.90, a PEG ratio of 1.54 and a beta of 1.28. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $19.07. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $24.90.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the sale, the director owned 57,850 shares of the company’s stock, valued at $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 13.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its holdings in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at about $29,000. Binnacle Investments Inc acquired a new stake in shares of Zeta Global in the third quarter valued at about $30,000. United Community Bank acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC raised its position in shares of Zeta Global by 2,000.0% during the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.