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

Key Points

• Zeta Global Holdings Corp. has received an average rating of "Moderate Buy" from 16 brokerages, with five analysts recommending a hold and eleven a buy.
• The average price target for Zeta Global's stock over the next year is $30.14, with various analysts raising their price targets in recent reports.
• Institutional investors hold 87.75% of Zeta Global's stock, indicating significant confidence in the company among large stakeholders.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat reports. Five 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 brokerages that have covered the stock in the last year is $30.1429.

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Bank of America raised their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen cut shares of Zeta Global from a "buy" rating to a "hold" rating in a research note on Friday, September 5th.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Palouse Capital Management Inc. lifted its stake in shares of Zeta Global by 6.1% in the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company's stock valued at $167,000 after purchasing an additional 619 shares during the period. Advisors Asset Management Inc. increased its holdings in Zeta Global by 15.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company's stock valued at $82,000 after acquiring an additional 702 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Zeta Global by 1.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company's stock valued at $981,000 after acquiring an additional 804 shares in the last quarter. SlateStone Wealth LLC increased its holdings in Zeta Global by 5.8% during the 1st quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock valued at $233,000 after acquiring an additional 948 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Zeta Global by 5.9% during the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company's stock valued at $264,000 after acquiring an additional 959 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of ZETA stock traded down $0.35 during mid-day trading on Wednesday, hitting $20.42. The stock had a trading volume of 6,493,778 shares, compared to its average volume of 6,762,087. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The firm has a market cap of $4.86 billion, a PE ratio of -107.45 and a beta of 1.30. 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 company's 50-day simple moving average is $17.48 and its 200-day simple moving average is $15.03.

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.