Zeta Global (NYSE:ZETA) Coverage Initiated at Needham & Company LLC

Analysts at Needham & Company LLC began coverage on shares of Zeta Global (NYSE:ZETA - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $20.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 52.03% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. DA Davidson cut their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group cut their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. B. Riley lowered their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their target price on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Truist Financial decreased their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

Zeta Global Stock Down 3.3%

NYSE ZETA traded down $0.45 during trading on Tuesday, reaching $13.16. 3,806,953 shares of the company's stock were exchanged, compared to its average volume of 5,426,312. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company's fifty day simple moving average is $12.94 and its 200-day simple moving average is $16.74. The firm has a market capitalization of $3.10 billion, a PE ratio of -18.79, a P/E/G ratio of 1.65 and a beta of 1.25.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Zeta Global by 10.1% during the 4th quarter. Principal Financial Group Inc. now owns 149,788 shares of the company's stock worth $2,695,000 after buying an additional 13,730 shares during the period. Cetera Investment Advisers bought a new stake in Zeta Global in the 4th quarter valued at $538,000. Bank of New York Mellon Corp lifted its position in Zeta Global by 54.2% in the 4th quarter. Bank of New York Mellon Corp now owns 772,768 shares of the company's stock valued at $13,902,000 after acquiring an additional 271,562 shares in the last quarter. IFP Advisors Inc acquired a new position in Zeta Global in the 4th quarter worth $72,000. Finally, US Bancorp DE increased its holdings in Zeta Global by 246.9% during the 4th quarter. US Bancorp DE now owns 35,209 shares of the company's stock worth $633,000 after purchasing an additional 25,059 shares in the last quarter. Institutional investors 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.