Weiss Ratings Reaffirms Sell (D-) Rating for Zeta Global (NYSE:ZETA)

Key Points

• Weiss Ratings has reaffirmed a Sell (D-) rating for Zeta Global, indicating ongoing concerns about the company's stock performance.
• Despite the negative outlook from Weiss Ratings, a majority of analysts maintain a positive sentiment, with a consensus rating of "Moderate Buy" and an average price target of $28.67.
• Zeta Global’s stock experienced a 1.6% increase recently, reaching $18.98 with considerable trading volume, suggesting some investor interest despite previous ratings.

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, October 1st. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Finally, Truist Financial upped their price target on Zeta Global from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.67.

Zeta Global Stock Up 1.6%

Shares of ZETA stock traded up $0.29 during midday trading on Friday, reaching $18.98. 1,968,825 shares of the stock were exchanged, compared to its average volume of 7,103,321. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20. The company's 50 day moving average is $19.58 and its two-hundred day moving average is $16.06. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.52 billion, a PE ratio of -99.91 and a beta of 1.29.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenvale Capital LLP lifted its position in Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company's stock valued at $107,674,000 after acquiring an additional 4,451,181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock valued at $85,513,000 after acquiring an additional 5,567,201 shares in the last quarter. Geode Capital Management LLC lifted its position in Zeta Global by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company's stock valued at $74,913,000 after acquiring an additional 174,972 shares in the last quarter. State Street Corp lifted its position in Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company's stock valued at $72,365,000 after acquiring an additional 215,932 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new position in Zeta Global in the 1st quarter valued at approximately $38,748,000. 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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