Zeta Global Holdings Corp. (NYSE:ZETA) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Zeta Global Holdings Corp. has received an average rating of "Moderate Buy" from analysts, with a one-year price target of $29.38.
• Institutional investors now own 87.75% of Zeta Global's stock, with notable increases in holdings from hedge funds during the last quarter.
• The company has a market cap of $4.60 billion and its shares opened at $19.34, with a twelve month high of $38.20.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $29.3846.

Several equities analysts have recently weighed in on ZETA shares. Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Morgan Stanley upped their price objective on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Zeta Global in a report on Saturday, September 27th. The Goldman Sachs Group boosted 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. Finally, Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC raised its holdings in Zeta Global by 2,000.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company's stock worth $26,000 after purchasing an additional 1,600 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Zeta Global during the 1st quarter valued at about $27,000. Quarry LP grew its stake in shares of Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after acquiring an additional 1,976 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Zeta Global in the 1st quarter worth approximately $32,000. Finally, Traub Capital Management LLC purchased a new stake in Zeta Global in the 2nd quarter worth approximately $50,000. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Up 0.7%

Shares of Zeta Global stock opened at $19.34 on Friday. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. 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 company's 50 day moving average is $19.07 and its 200 day moving average is $15.59. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -101.76 and a beta of 1.29.

About Zeta Global

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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