Zeta Global (NYSE:ZETA) Given New $16.00 Price Target at The Goldman Sachs Group

Zeta Global (NYSE:ZETA - Get Free Report) had its target price cut by The Goldman Sachs Group from $27.00 to $16.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price indicates a potential upside of 19.85% from the stock's previous close.

Several other research firms have also issued reports on ZETA. Canaccord Genuity Group dropped their target price on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada cut their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Truist Financial dropped their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. DA Davidson reduced their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Needham & Company LLC dropped their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Trading Up 0.3 %

Shares of NYSE ZETA traded up $0.04 during midday trading on Monday, reaching $13.35. The stock had a trading volume of 2,886,063 shares, compared to its average volume of 5,320,984. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company's 50 day moving average price is $13.39 and its 200 day moving average price is $18.70. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Zeta Global by 86.0% in the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock valued at $3,984,000 after acquiring an additional 59,311 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Nordea Investment Management AB bought a new stake in Zeta Global during the fourth quarter worth $2,444,000. Finally, Diversified Trust Co boosted its position in Zeta Global by 228.8% in the fourth quarter. Diversified Trust Co now owns 51,003 shares of the company's stock worth $918,000 after purchasing an additional 35,490 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other 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.