Zeta Global (NYSE:ZETA) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Zeta Global (NYSE:ZETA) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities research analysts also recently issued reports on the company. Citigroup started coverage on Zeta Global in a research report on Friday, November 21st. They issued a “buy” rating and a $26.00 price objective on the stock. Bank of America boosted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC reaffirmed a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. UBS Group set a $29.00 price objective on Zeta Global in a research report on Tuesday, November 25th. Finally, B. Riley Financial upped their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Trading Up 2.5%

Shares of Zeta Global stock opened at $17.38 on Friday. Zeta Global has a 1 year low of $10.69 and a 1 year high of $24.90. The stock has a fifty day moving average price of $19.18 and a 200-day moving average price of $19.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $4.18 billion, a PE ratio of -115.86, a P/E/G ratio of 1.54 and a beta of 1.26.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the sale, the director directly owned 57,850 shares in the company, valued at $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. Advisors Asset Management Inc. boosted its holdings in Zeta Global by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after acquiring an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Zeta Global by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after buying an additional 4,631 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Zeta Global in the first quarter worth approximately $205,000. Woodline Partners LP bought a new stake in Zeta Global during the first quarter valued at approximately $222,000. Finally, Strs Ohio purchased a new stake in Zeta Global during the first quarter valued at approximately $117,000. Institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.