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

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 earned an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.1429.

A number of research firms have recently weighed in on ZETA. Canaccord Genuity Group boosted 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. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered shares of Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Morgan Stanley raised their price target on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th.

Zeta Global Trading Up 0.5%

Shares of Zeta Global stock opened at $18.67 on Wednesday. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20. 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 has a 50 day moving average price of $17.20 and a 200 day moving average price of $15.04. The company has a market capitalization of $4.44 billion, a P/E ratio of -98.26 and a beta of 1.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZETA. Palouse Capital Management Inc. lifted its stake in shares of Zeta Global by 6.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company's stock worth $167,000 after purchasing an additional 619 shares during the period. Advisors Asset Management Inc. increased its stake in Zeta Global by 15.3% in the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company's stock valued at $82,000 after purchasing an additional 702 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Zeta Global by 1.3% during the second quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company's stock worth $981,000 after buying an additional 804 shares during the period. SlateStone Wealth LLC lifted its position in Zeta Global by 5.8% during the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock worth $233,000 after buying an additional 948 shares during the period. Finally, M&T Bank Corp boosted its stake in Zeta Global by 5.9% in the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company's stock worth $264,000 after buying an additional 959 shares during the last quarter. 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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