Zeta Global Holdings Corp. (NYSE:ZETA) Receives Average Rating of “Moderate Buy” from Analysts

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $34.36.

ZETA has been the subject of a number of recent research reports. Royal Bank of Canada dropped their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. DA Davidson cut their target price on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Barclays dropped 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 research note on Thursday, February 27th. Finally, Truist Financial reduced their price objective on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global in the fourth quarter valued at about $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 last quarter. Norges Bank bought a new position in shares of Zeta Global during the 4th quarter worth approximately $43,236,000. Renaissance Technologies LLC raised its holdings in shares of Zeta Global by 98.8% in the fourth 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 last quarter. 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 owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $11.46 on Friday. The firm has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $20.63. Zeta Global has a fifty-two week low of $10.93 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $2.72 billion, a P/E ratio of -16.37, a P/E/G ratio of 1.65 and a beta of 1.29.

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.