DA Davidson Forecasts Strong Price Appreciation for Zeta Global (NYSE:ZETA) Stock

Key Points

• DA Davidson raised their price target for Zeta Global (NYSE:ZETA) from $25.00 to $27.00, indicating a potential upside of 25.82% from its previous close.
• Analysts from Canaccord Genuity and Bank of America also increased their price objectives, with Canaccord raising it to $28.00 and Bank of America to $24.00, both maintaining a "buy" rating.
• Currently, 11 analysts have rated Zeta Global as a "buy," while five have issued a "hold," leading to a consensus rating of "Moderate Buy" with an average price target of $30.29.

Zeta Global (NYSE:ZETA - Get Free Report) had its price objective boosted by stock analysts at DA Davidson from $25.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's target price would indicate a potential upside of 25.82% from the company's previous close.

Several other analysts have also commented on ZETA. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upped their price target on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.29.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $21.46 on Monday. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The firm has a market capitalization of $5.11 billion, a P/E ratio of -112.95 and a beta of 1.30. The company's 50 day moving average price is $18.07 and its two-hundred day moving average price is $15.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Nomura Holdings Inc. grew its holdings in Zeta Global by 6.0% in the 2nd quarter. Nomura Holdings Inc. now owns 162,424 shares of the company's stock valued at $2,516,000 after buying an additional 9,123 shares during the period. Castleark Management LLC acquired a new position in shares of Zeta Global in the 2nd quarter valued at about $791,000. Tower Research Capital LLC TRC lifted its stake in shares of Zeta Global by 580.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,126 shares of the company's stock valued at $436,000 after purchasing an additional 23,994 shares in the last quarter. Manatuck Hill Partners LLC lifted its stake in shares of Zeta Global by 16.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 290,000 shares of the company's stock valued at $4,492,000 after purchasing an additional 40,000 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Zeta Global by 95.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 83,628 shares of the company's stock valued at $1,295,000 after purchasing an additional 40,878 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

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.

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