Zeta Global Holdings Corp. (NYSE:ZETA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Zeta Global Holdings Corp. has received a consensus recommendation of "Moderate Buy" from 15 ratings firms, with 11 analysts recommending a buy and 4 a hold.
• The average 1-year price target for Zeta Global is approximately $30.14, with recent price targets adjusted by various brokerage firms.
• Institutional investors hold a significant stake in Zeta Global, controlling 87.75% of the company’s shares, with notable increases in holdings by several hedge funds.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.1429.

Several research firms recently issued reports on ZETA. Bank of America boosted their price objective on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Royal Bank Of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. B. Riley cut their price target on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Canaccord Genuity Group upped their price target on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price target on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $19.08 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The business's 50 day moving average price is $15.46 and its 200-day moving average price is $15.30. The firm has a market capitalization of $4.49 billion, a PE ratio of -100.42 and a beta of 1.28. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the stock. Greenvale Capital LLP increased its holdings in shares of Zeta Global by 178.0% during the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company's stock worth $107,674,000 after buying an additional 4,451,181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Zeta Global by 753.3% in the first 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 purchasing an additional 5,567,201 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Zeta Global by 3.8% in the second quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company's stock valued at $74,913,000 after purchasing an additional 174,972 shares in the last quarter. State Street Corp increased its holdings in shares of Zeta Global by 4.8% in the second quarter. State Street Corp now owns 4,671,750 shares of the company's stock valued at $72,365,000 after purchasing an additional 215,932 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global in the first quarter valued at approximately $38,748,000. 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.

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