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

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Zeta Global, highlighting ongoing concerns regarding the company's performance.
• Despite the negative assessment from Weiss Ratings, several other analysts have given Zeta Global a "Buy" rating and increased their target price, with a consensus target price of $29.38.
• Zeta Global's stock recently traded at $20.00, reflecting significant trading volume and indicating heightened investor activity in the company's shares.

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. DA Davidson lifted their target price on Zeta Global from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Canaccord Genuity Group lifted their target price on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, October 1st. Morgan Stanley lifted 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. Finally, Bank of America lifted their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.38.

Zeta Global Price Performance

NYSE:ZETA traded up $0.04 on Wednesday, reaching $20.00. 10,735,322 shares of the company's stock traded hands, compared to its average volume of 7,008,053. 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 stock has a 50-day simple moving average of $19.24 and a 200-day simple moving average of $15.67. The firm has a market cap of $4.76 billion, a PE ratio of -106.28 and a beta of 1.29. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Zeta Global by 753.3% during 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 worth $85,513,000 after purchasing an additional 5,567,201 shares in the last quarter. Greenvale Capital LLP grew its stake in shares of Zeta Global by 178.0% during the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company's stock valued at $107,674,000 after buying an additional 4,451,181 shares during the period. Yong Rong HK Asset Management Ltd purchased a new stake in Zeta Global during the 1st quarter worth $38,748,000. Marshall Wace LLP boosted its position in Zeta Global by 857.2% during the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company's stock worth $41,503,000 after purchasing an additional 2,399,408 shares during the period. Finally, Norges Bank purchased a new position in Zeta Global in the 2nd quarter valued at about $33,474,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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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