Zeta Global (NYSE:ZETA) Stock Rating Upgraded by Zacks Research

Key Points

• Zeta Global has been upgraded from a "strong sell" to a "hold" rating by Zacks Research.
• Several analysts have raised their price targets for Zeta Global, with Bank of America increasing its target from $20.00 to $24.00 and Canaccord Genuity raising it from $26.00 to $28.00.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $30.14.

Zacks Research upgraded shares of Zeta Global (NYSE:ZETA - Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

ZETA has been the topic of several other reports. Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America upped their target price on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group upped their price target on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price target on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC lowered their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Stock Performance

Shares of NYSE ZETA traded up $0.05 during mid-day trading on Wednesday, hitting $19.60. The stock had a trading volume of 6,055,944 shares, compared to its average volume of 11,056,745. 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 company has a 50 day moving average of $16.74 and a two-hundred day moving average of $15.19. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The firm has a market cap of $4.67 billion, a PE ratio of -103.17 and a beta of 1.30.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of the company. Greenvale Capital LLP boosted its stake in shares of Zeta Global by 178.0% during the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company's stock worth $107,674,000 after acquiring an additional 4,451,181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock worth $85,513,000 after acquiring an additional 5,567,201 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zeta Global by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company's stock worth $74,913,000 after acquiring an additional 174,972 shares in the last quarter. State Street Corp boosted its stake in shares of Zeta Global by 4.8% during the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company's stock worth $72,365,000 after acquiring an additional 215,932 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in shares of Zeta Global during the 1st quarter worth about $38,748,000. 87.75% of the stock is 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.