Zeta Global (NYSE:ZETA) Downgraded by Wall Street Zen to Hold

Key Points

• Zeta Global has been dropped from a "buy" rating to a "hold" rating by Wall Street Zen, highlighting a shift in analyst sentiment towards the stock.
• Several research firms, including Morgan Stanley and Bank of America, have raised their price targets for Zeta Global, reflecting a generally positive outlook despite the downgrade.
• Currently, the stock has a market cap of $4.51 billion and is tracked with an average rating of "Moderate Buy" with a target price of $30.14.

Zeta Global (NYSE:ZETA - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other research firms also recently commented on ZETA. Morgan Stanley increased their price objective 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. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group upped their price objective on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Finally, The Goldman Sachs Group boosted their target price 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. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Up 1.3%

Zeta Global stock opened at $18.93 on Friday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global has a 1-year low of $10.69 and a 1-year high of $38.20. The company has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $15.14. The company has a market cap of $4.51 billion, a P/E ratio of -99.62 and a beta of 1.30.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently modified their holdings of ZETA. Golden State Wealth Management LLC lifted its stake in shares of Zeta Global by 2,000.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company's stock worth $26,000 after buying an additional 1,600 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in Zeta Global during the first quarter worth approximately $27,000. Quarry LP boosted its holdings in shares of Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after acquiring an additional 1,976 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Zeta Global during the first quarter worth approximately $32,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Zeta Global in the fourth quarter valued at approximately $33,000. 87.75% of the stock is owned by institutional investors.

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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