Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

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 price objective lifted by stock analysts at The Goldman Sachs Group from $16.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential downside of 8.26% from the company's previous close.

ZETA has been the topic of a number of other reports. Truist Financial lowered their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. DA Davidson cut their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group raised their price objective on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. 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 research report on Wednesday. Finally, Royal Bank Of Canada reduced 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. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Performance

Zeta Global stock traded down $0.61 during trading hours on Thursday, reaching $19.62. 18,614,813 shares of the company were exchanged, compared to its average volume of 6,830,165. The stock has a 50-day moving average of $14.72 and a 200 day moving average of $15.30. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -103.27, a PEG ratio of 59.20 and a beta of 1.28. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. boosted its stake 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 worth $25,000 after acquiring an additional 532 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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 worth $26,000 after buying an additional 1,600 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Zeta Global during the 1st quarter valued at $27,000. Quarry LP raised its stake in Zeta Global by 963.9% during the 1st 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. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after acquiring an additional 1,201 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.

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