Zeta Global (NYSE:ZETA) Raised 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 investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued reports about the company. Morgan Stanley increased their price target 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. DA Davidson dropped their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Truist Financial cut their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America lifted their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Zeta Global Stock Down 0.7%

NYSE:ZETA traded down $0.14 on Friday, reaching $18.39. The stock had a trading volume of 3,705,257 shares, compared to its average volume of 6,929,307. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $15.17 and a 200 day moving average of $15.28. The stock has a market cap of $4.33 billion, a P/E ratio of -96.71 and a beta of 1.28. Zeta Global has a 12-month low of $10.69 and a 12-month high of $38.20.

Hedge Funds Weigh In On Zeta Global

Large investors have recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. increased its stake in Zeta Global by 228.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after purchasing an additional 80,000 shares in the last quarter. Summit Creek Advisors LLC increased its position in shares of Zeta Global by 33.6% during the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock worth $14,206,000 after acquiring an additional 263,451 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Zeta Global during the first quarter worth $360,000. Cetera Investment Advisers bought a new stake in shares of Zeta Global during the fourth quarter worth $538,000. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global during the first quarter worth $38,748,000. 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.