Zeta Global (NYSE:ZETA) Earns Buy Rating from Needham & Company LLC

Key Points

• Needham & Company LLC has reaffirmed a "buy" rating for Zeta Global, setting a price target of $25.00, which indicates a potential upside of 20.80%.
• Institutional investors hold 87.75% of Zeta Global's stock, with recent significant boosts in holdings from firms like Golden State Wealth Management and Quarry LP.
• Zeta Global's stock shows a 52-week range between $10.69 and $38.20, currently trading at about $20.70, reflecting a robust market interest.

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC's price objective suggests a potential upside of 20.80% from the company's current price.

ZETA has been the topic of a number of other research reports. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Zeta Global in a research report on Wednesday. DA Davidson upped their price target on Zeta Global from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. The Goldman Sachs Group raised their price objective on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average price target of $29.38.

Zeta Global Trading Up 4.7%

Shares of Zeta Global stock opened at $20.70 on Thursday. 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 stock has a market cap of $4.93 billion, a PE ratio of -109.46 and a beta of 1.29. The firm has a fifty day moving average price of $19.32 and a 200 day moving average price of $15.70.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its position 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 valued at $26,000 after acquiring an additional 1,600 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Zeta Global in the 1st quarter valued at approximately $27,000. Quarry LP increased its holdings in shares of Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after buying an additional 1,976 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Zeta Global during the 1st quarter valued at approximately $32,000. Finally, Traub Capital Management LLC acquired a new position in Zeta Global in the second quarter valued at approximately $50,000. 87.75% of the stock is 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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