Needham & Company LLC Has Lowered Expectations for Zeta Global (NYSE:ZETA) Stock Price

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

ZETA has been the topic of several other reports. B. Riley lowered their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada cut their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Truist Financial reduced their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their target price on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Stock Up 0.1 %

Shares of NYSE ZETA traded up $0.02 during trading on Friday, reaching $13.13. The company had a trading volume of 1,230,655 shares, compared to its average volume of 5,328,589. The stock has a market cap of $3.12 billion, a PE ratio of -18.74, a P/E/G ratio of 1.65 and a beta of 1.29. The business's 50-day moving average is $13.60 and its 200 day moving average is $18.93. Zeta Global has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after buying an additional 112,238 shares in the last quarter. Virtu Financial LLC bought a new stake in Zeta Global in the third quarter worth $757,000. Franklin Resources Inc. raised its stake in Zeta Global by 86.0% during the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock valued at $3,984,000 after purchasing an additional 59,311 shares in the last quarter. Principal Financial Group Inc. lifted its position in Zeta Global by 512.3% during the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company's stock valued at $4,059,000 after purchasing an additional 113,838 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock worth $37,015,000 after buying an additional 293,583 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

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.