Needham & Company LLC Forecasts Strong Price Appreciation for Zeta Global (NYSE:ZETA) Stock

Key Points

• Needham & Company LLC has increased its price target for Zeta Global (NYSE:ZETA) from $20.00 to $25.00, indicating a potential upside of 25.79% from the previous close.
• Multiple analysts have given Zeta Global a "buy" rating, with an average target price consensus of $29.23, reflecting strong market confidence.
• The stock has shown significant price performance, with a twelve-month low of $10.69 and a high of $38.20, showcasing its volatility in the market.

Zeta Global (NYSE:ZETA - Get Free Report) had its price target boosted by investment analysts at Needham & Company LLC from $20.00 to $25.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's target price indicates a potential upside of 25.79% from the stock's previous close.

Several other research analysts also recently weighed in on ZETA. The Goldman Sachs Group upped their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Canaccord Genuity Group upped their target price on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. DA Davidson raised their price target on shares of Zeta Global from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Finally, Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.23.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $19.88 on Wednesday. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The stock's 50 day moving average is $18.87 and its 200-day moving average is $15.49. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -104.61 and a beta of 1.30.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new position in Zeta Global in the fourth quarter worth $212,000. California State Teachers Retirement System raised its stake in shares of Zeta Global by 16.6% during the 4th quarter. California State Teachers Retirement System now owns 179,383 shares of the company's stock worth $3,227,000 after purchasing an additional 25,556 shares during the period. Wellington Management Group LLP bought a new stake in shares of Zeta Global during the 4th quarter worth $6,614,000. GAMMA Investing LLC boosted its holdings in shares of Zeta Global by 1,224.5% in the 1st quarter. GAMMA Investing LLC now owns 9,139 shares of the company's stock worth $124,000 after buying an additional 8,449 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Zeta Global by 3.3% during the first quarter. Rhumbline Advisers now owns 255,647 shares of the company's stock valued at $3,467,000 after buying an additional 8,183 shares during the period. 87.75% of the stock is owned by institutional investors.

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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