Zeta Global (NYSE:ZETA) Price Target Raised to $36.00

Key Points

• Truist Financial has raised its price target for Zeta Global from $34.00 to $36.00, indicating a potential upside of 79.61% from the current stock price.
• The stock received multiple upgrades from various research firms, with a consensus rating of "Moderate Buy" and an average price target of $29.54.
• Institutional investors are actively increasing their stakes, with hedge funds owning 87.75% of Zeta Global stock, reflecting strong institutional interest.

Zeta Global (NYSE:ZETA - Get Free Report) had its target price upped by equities research analysts at Truist Financial from $34.00 to $36.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 79.61% from the stock's current price.

Several other research firms also recently commented on ZETA. Canaccord Genuity Group boosted their target price on shares of Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, October 1st. Bank of America boosted their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.54.

Zeta Global Stock Up 1.4%

Shares of NYSE:ZETA traded up $0.27 during midday trading on Thursday, hitting $20.04. 4,919,414 shares of the company's stock were exchanged, compared to its average volume of 7,028,791. 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 stock has a 50 day moving average price of $19.32 and a 200-day moving average price of $15.70. The company has a market cap of $4.77 billion, a PE ratio of -105.59 and a beta of 1.29. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its stake 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 valued at $26,000 after acquiring an additional 1,600 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in Zeta Global in the first quarter valued at about $27,000. Quarry LP raised its position in shares of Zeta Global by 963.9% in 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 during the period. Banque Cantonale Vaudoise bought a new stake in shares of Zeta Global in the first quarter valued at approximately $32,000. Finally, Traub Capital Management LLC bought a new stake in shares of Zeta Global in the second quarter valued at approximately $50,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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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