The Goldman Sachs Group Increases Zeta Global (NYSE:ZETA) Price Target to $18.00

Key Points

• Goldman Sachs has increased its price target for Zeta Global from $16.00 to $18.00, indicating a potential downside of 8.26% from its previous close.
• Despite the mixed reviews, with some analysts lowering their targets significantly, Zeta Global has a consensus rating of "Moderate Buy" and an average price target of $30.14.
• Institutional investors have recently boosted their stakes in Zeta Global, with a notable increase in ownership by hedge funds, representing 87.75% of the stock's holding.

Zeta Global (NYSE:ZETA - Get Free Report) had its target price lifted by equities researchers at The Goldman Sachs Group from $16.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 0.22% from the stock's current price.

Several other analysts also recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada dropped their price target on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. B. Riley dropped their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Bank of America boosted their price target on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Truist Financial dropped their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Trading Down 4.1%

Zeta Global stock traded down $0.77 during trading on Thursday, hitting $17.96. The company had a trading volume of 11,564,376 shares, compared to its average volume of 11,562,938. Zeta Global has a 1-year low of $10.69 and a 1-year high of $38.20. 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's 50 day simple moving average is $15.06 and its 200-day simple moving average is $15.25. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -94.53 and a beta of 1.28.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. increased its holdings in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Zeta Global by 2,000.0% during 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 Zeta Global during the first quarter worth about $27,000. Quarry LP raised its stake in Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after acquiring an additional 1,976 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares in the last quarter. 87.75% of the stock is currently 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.