Zeta Global's (ZETA) Outperform Rating Reaffirmed at William Blair

Key Points

• Zeta Global's stock has received an **"outperform" rating** from William Blair, indicating confidence from analysts regarding the company's performance.
• Zacks Research upgraded Zeta Global from a **"strong sell"** to a **"hold"**, while other firms, including Bank of America and Canaccord Genuity, have raised their price objectives and issued **"buy" ratings**.
• The stock has seen significant **institutional investment**, with 87.75% of its shares owned by institutional investors and hedge funds, signaling strong institutional confidence in the company.

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at William Blair in a report issued on Wednesday,RTT News reports.

Several other research analysts have also weighed in on the stock. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. The Goldman Sachs Group increased their target price on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Bank of America raised their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, DA Davidson raised their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.38.

Zeta Global Trading Up 0.4%

Zeta Global stock traded up $0.07 during midday trading on Wednesday, hitting $19.94. 7,189,931 shares of the stock were exchanged, compared to its average volume of 6,949,519. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -104.54 and a beta of 1.30. The stock's 50-day simple moving average is $18.87 and its 200 day simple moving average is $15.49. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors have recently modified their holdings of ZETA. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at $212,000. California State Teachers Retirement System increased its stake in Zeta Global by 16.6% in the 4th quarter. California State Teachers Retirement System now owns 179,383 shares of the company's stock valued at $3,227,000 after buying an additional 25,556 shares during the period. Wellington Management Group LLP acquired a new position in Zeta Global in the 4th quarter valued at $6,614,000. GAMMA Investing LLC increased its stake in Zeta Global by 1,224.5% in the 1st quarter. GAMMA Investing LLC now owns 9,139 shares of the company's stock valued at $124,000 after buying an additional 8,449 shares during the period. Finally, Rhumbline Advisers increased its stake in Zeta Global by 3.3% in the 1st quarter. Rhumbline Advisers now owns 255,647 shares of the company's stock valued at $3,467,000 after buying an additional 8,183 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.

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