Zeta Global (NYSE:ZETA) Price Target Raised to $30.00

Key Points

• Zeta Global's target price was raised from $28.00 to $30.00 by Canaccord Genuity, indicating a potential upside of 43.76% from its current price.
• The company has received multiple upgrades from various analysts, with ten giving it a "buy" rating and an average target price of $29.38.
• Zeta Global's stock has shown notable trading activity recently, with a 5.0% increase to $20.87, reflecting investor interest amid its recent price upgrades.

Zeta Global (NYSE:ZETA - Get Free Report) had its target price increased by equities researchers at Canaccord Genuity Group from $28.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 43.76% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Bank of America boosted their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Needham & Company LLC lifted their price target on shares of Zeta Global from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. DA Davidson boosted their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Finally, Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average target price of $29.38.

Zeta Global Trading Up 5.0%

ZETA traded up $1.00 during mid-day trading on Wednesday, hitting $20.87. The stock had a trading volume of 2,353,236 shares, compared to its average volume of 6,918,693. The stock's fifty day simple moving average is $18.87 and its 200-day simple moving average is $15.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of -110.03 and a beta of 1.30. Zeta Global has a 1-year low of $10.69 and a 1-year high of $38.20.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in Zeta Global by 2,000.0% in the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company's stock worth $26,000 after purchasing an additional 1,600 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Zeta Global during the first quarter valued at about $27,000. Quarry LP lifted its position in shares of Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after purchasing an additional 1,976 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Zeta Global during the first quarter valued at about $32,000. Finally, Traub Capital Management LLC bought a new position in shares of Zeta Global during the second quarter valued at about $50,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.

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