Zeta Global (NYSE:ZETA) Price Target Raised to $20.00 at Morgan Stanley

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 - Get Free Report) had its price target hoisted by analysts at Morgan Stanley from $15.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 0.79% from the company's previous close.

A number of other research analysts have also recently weighed in on the stock. Bank of America lifted their target price on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday. Needham & Company LLC lowered 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 note on Friday, May 2nd. DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered their target price on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Canaccord Genuity Group decreased their price target on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.86.

Zeta Global Stock Up 25.0%

Shares of ZETA traded up $3.97 on Wednesday, hitting $19.84. 39,670,128 shares of the stock traded hands, compared to its average volume of 6,703,736. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. Zeta Global has a one year low of $10.69 and a one year high of $38.20. The company has a market capitalization of $4.67 billion, a PE ratio of -68.67, a P/E/G ratio of 58.94 and a beta of 1.28. The business has a 50 day simple moving average of $14.58 and a 200 day simple moving average of $15.27.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Optiver Holding B.V. boosted its position in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after acquiring an additional 532 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Zeta Global by 2,000.0% during the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company's stock worth $26,000 after acquiring an additional 1,600 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in Zeta Global during the first quarter worth about $27,000. Quarry LP boosted its position in Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after acquiring an additional 1,976 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

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.

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