Zeta Global (NYSE:ZETA) Price Target Lowered to $25.00 at Needham & Company LLC

Zeta Global (NYSE:ZETA - Free Report) had its target price trimmed by Needham & Company LLC from $43.00 to $25.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. Barclays lowered their target price on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley cut their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Truist Financial cut their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Trading Down 1.7 %

NYSE ZETA traded down $0.23 on Friday, reaching $13.45. The stock had a trading volume of 4,699,472 shares, compared to its average volume of 5,340,738. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $13.76 and a two-hundred day moving average price of $19.07. Zeta Global has a 12-month low of $10.69 and a 12-month high of $38.20. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of -19.21, a P/E/G ratio of 1.65 and a beta of 1.29.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. Barclays PLC increased its position in shares of 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 in the last quarter. Virtu Financial LLC purchased a new position in Zeta Global during the 3rd quarter worth approximately $757,000. Franklin Resources Inc. increased its position in Zeta Global by 86.0% during the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock worth $3,984,000 after buying an additional 59,311 shares during the period. Principal Financial Group Inc. lifted its stake in Zeta Global by 512.3% in the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company's stock valued at $4,059,000 after buying an additional 113,838 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after buying an additional 293,583 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.