Zeta Global (NYSE:ZETA) Upgraded to "Buy" at Wall Street Zen

Key Points

• Zeta Global has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting positive sentiment among investment analysts.
• Multiple analysts have raised their price targets for Zeta Global, with an average target of $30.14, indicating strong confidence in the stock's potential.
• Currently, 87.75% of Zeta Global's stock is owned by institutional investors and hedge funds, highlighting strong backing from the investment community.

Wall Street Zen upgraded shares of Zeta Global (NYSE:ZETA - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.

ZETA has been the topic of several other research reports. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Morgan Stanley increased their price target on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group increased their price target on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their price target on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.29.

Zeta Global Stock Down 0.9%

Shares of NYSE:ZETA traded down $0.21 during trading on Friday, hitting $21.87. 810,181 shares of the company were exchanged, compared to its average volume of 6,964,395. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of -115.14 and a beta of 1.30. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The firm has a fifty day moving average price of $18.23 and a two-hundred day moving average price of $15.22. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZETA. Cetera Investment Advisers bought a new position in Zeta Global during the 4th quarter worth $538,000. Toronto Dominion Bank bought a new position in Zeta Global during the 4th quarter worth $1,351,000. JT Stratford LLC bought a new position in Zeta Global during the 4th quarter worth $245,000. Mackenzie Financial Corp increased its position in Zeta Global by 294.3% during the 4th quarter. Mackenzie Financial Corp now owns 170,552 shares of the company's stock worth $3,068,000 after buying an additional 127,301 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Zeta Global during the 4th quarter worth $66,000. 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.