Morgan Stanley Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Key Points

• Morgan Stanley raised its price target for Zeta Global from $15.00 to $20.00, maintaining an "equal weight" rating, indicating a potential upside of 0.79% from the previous close.
• In addition, other analysts have varied opinions, with Bank of America setting a target of $24.00 while Needham & Company lowered theirs to $25.00, resulting in a consensus target price of $29.86 for the stock.
• Zeta Global's shares experienced a significant increase of 25.0% on Wednesday, reaching $19.84 with a market capitalization of approximately $4.67 billion.

Zeta Global (NYSE:ZETA - Free Report) had its price objective hoisted by Morgan Stanley from $15.00 to $20.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley decreased their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Bank of America upped their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday. DA Davidson decreased their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group cut their target price on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Zeta Global has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Down 4.3%

Shares of Zeta Global stock traded down $0.85 on Wednesday, hitting $18.73. 13,081,854 shares of the company traded hands, compared to its average volume of 11,562,938. The company has a 50-day moving average price of $14.96 and a 200 day moving average price of $15.26. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a market cap of $4.41 billion, a PE ratio of -98.58 and a beta of 1.28.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Zeta Global by 753.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock worth $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Zeta Global by 3.8% during the second quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company's stock worth $74,913,000 after buying an additional 174,972 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global during the first quarter worth approximately $38,748,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zeta Global during the fourth quarter worth approximately $51,042,000. 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.