Zeta Global Holdings Corp. (NYSE:ZETA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.36.

Several equities analysts recently weighed in on ZETA shares. Needham & Company LLC restated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley decreased their price target on shares of Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday. B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Truist Financial lowered their target price on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $11.46 on Friday. Zeta Global has a 1 year low of $10.93 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company’s fifty day moving average price is $15.71 and its 200 day moving average price is $20.44. The company has a market capitalization of $2.72 billion, a PE ratio of -16.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. grew its holdings in Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after acquiring an additional 268,710 shares in the last quarter. Barclays PLC increased its position in shares of Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Zeta Global during the 4th quarter worth $2,444,000. Finally, State Street Corp grew its stake in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares in the last quarter. Institutional investors and hedge funds 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.