Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Rating of “Moderate Buy” by Analysts

Zeta Global Holdings Corp. (NYSE:ZETA) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.86.

Several equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group reissued a “buy” rating and set a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley boosted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays decreased their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Finally, B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th.

Zeta Global Stock Performance

NYSE ZETA opened at $14.40 on Wednesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -20.56, a PEG ratio of 1.65 and a beta of 1.18. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a twelve month low of $10.30 and a twelve month high of $38.20. The stock has a fifty day simple moving average of $18.31 and a 200 day simple moving average of $22.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Principal Financial Group Inc. raised its position in shares of Zeta Global by 512.3% during the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after purchasing an additional 113,838 shares during the period. Atria Investments Inc bought a new stake in Zeta Global during the 3rd quarter valued at $358,000. Victory Capital Management Inc. raised its holdings in Zeta Global by 229.9% during the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after buying an additional 47,849 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Zeta Global in the third quarter valued at $1,128,000. Finally, Natixis Advisors LLC grew its holdings in shares of Zeta Global by 15.9% during the third quarter. Natixis Advisors LLC now owns 16,295 shares of the company’s stock valued at $486,000 after buying an additional 2,236 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

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.