Royal Bank of Canada Has Lowered Expectations for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA - Get Free Report) had its price objective decreased by stock analysts at Royal Bank of Canada from $40.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price target would indicate a potential upside of 127.45% from the stock's current price.

Other research analysts also recently issued reports about the company. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Truist Financial lowered their target price on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. DA Davidson lowered their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, B. Riley reduced their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.57.

Zeta Global Trading Up 0.4 %

ZETA traded up $0.05 during mid-day trading on Monday, reaching $13.19. The stock had a trading volume of 2,347,453 shares, compared to its average volume of 5,246,039. The firm's fifty day simple moving average is $14.58 and its two-hundred day simple moving average is $19.69. The stock has a market capitalization of $3.14 billion, a P/E ratio of -18.84, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. grew its holdings 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 purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Zeta Global during the 4th quarter valued at $27,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Zeta Global in the first quarter valued at about $27,000. Coppell Advisory Solutions LLC raised its stake 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 valued at $31,000 after acquiring an additional 1,201 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the fourth quarter worth about $33,000. Hedge funds and other 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.

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