Canaccord Genuity Group Increases Zeta Global (NYSE:ZETA) Price Target to $28.00

Key Points

• Canaccord Genuity Group has raised its target price for Zeta Global (NYSE:ZETA) from $26.00 to $28.00, indicating a potential upside of 39.20% from the current stock price and maintaining a "buy" rating.
• A mix of analysts has issued varied price targets for Zeta Global, with the average consensus rating being "Moderate Buy" and an overall average target price of $30.00.
• Institutional investors collectively own 87.75% of Zeta Global's stock, highlighting strong institutional interest and recent significant increases in holdings by firms such as UBS and Renaissance Technologies.

Zeta Global (NYSE:ZETA - Free Report) had its price objective raised by Canaccord Genuity Group from $26.00 to $28.00 in a report published on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also recently commented on ZETA. Bank of America upped their target price on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday. DA Davidson decreased their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada reduced their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, The Goldman Sachs Group cut their price target on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Performance

Shares of ZETA traded down $0.85 during midday trading on Wednesday, reaching $18.73. 13,081,854 shares of the stock were exchanged, compared to its average volume of 11,562,938. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a market cap of $4.41 billion, a P/E ratio of -98.58 and a beta of 1.28. The stock's 50 day simple moving average is $14.96 and its 200 day simple moving average is $15.26.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in shares of Zeta Global by 60.9% during the 4th 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 period. Golden State Wealth Management LLC raised its position in shares of Zeta Global by 2,000.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company's stock valued at $26,000 after buying an additional 1,600 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Zeta Global in the first quarter valued at $27,000. Quarry LP grew its stake in shares of Zeta Global by 963.9% in the first quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after buying an additional 1,976 shares in the last quarter. 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 acquiring an additional 1,201 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

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.