Zeta Global (NYSE:ZETA) Upgraded to Buy at Wall Street Zen

Key Points

• Zeta Global was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting positive sentiment from analysts.
• Analysts from Goldman Sachs and DA Davidson issued varying price targets, with Goldman Sachs raising its target to $18 and DA Davidson lowering its target to $25.
• Currently, 87.75% of Zeta Global's stock is owned by institutional investors, indicating strong institutional support and confidence in the company.

Zeta Global (NYSE:ZETA - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on ZETA. Truist Financial dropped their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley boosted their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada dropped their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Bank of America boosted their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group boosted their target price on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Price Performance

Zeta Global stock traded down $0.77 on Friday, reaching $17.96. The company's stock had a trading volume of 11,564,376 shares, compared to its average volume of 6,931,949. The company has a market cap of $4.23 billion, a price-to-earnings ratio of -94.53 and a beta of 1.28. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The business's fifty day moving average price is $14.96 and its 200 day moving average price is $15.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. American Century Companies Inc. acquired a new position in Zeta Global in the fourth quarter valued at about $331,000. LPL Financial LLC grew its stake in Zeta Global by 100.9% in the fourth quarter. LPL Financial LLC now owns 148,097 shares of the company's stock valued at $2,664,000 after acquiring an additional 74,396 shares during the period. Alliancebernstein L.P. grew its stake in Zeta Global by 13.4% in the fourth quarter. Alliancebernstein L.P. now owns 220,650 shares of the company's stock valued at $3,969,000 after acquiring an additional 26,135 shares during the period. Cerity Partners LLC grew its stake in Zeta Global by 111.6% in the fourth quarter. Cerity Partners LLC now owns 17,417 shares of the company's stock valued at $313,000 after acquiring an additional 9,186 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Zeta Global by 26.0% during the fourth quarter. Legal & General Group Plc now owns 203,164 shares of the company's stock worth $3,655,000 after buying an additional 41,866 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

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.