Zeta Global Holdings Corp. (NYSE:ZETA) Receives $27.83 Average Target Price from Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.8333.

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Bank of America assumed coverage on Zeta Global in a report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective on the stock. DA Davidson lifted their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 28th.

Zeta Global Price Performance

ZETA stock opened at $18.90 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global has a 52-week low of $13.74 and a 52-week high of $25.95. The stock’s 50 day moving average is $18.72 and its two-hundred day moving average is $18.55. The company has a market capitalization of $4.71 billion, a PE ratio of -171.82, a P/E/G ratio of 2.88 and a beta of 1.34.

Insider Activity at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ZETA. Disciplined Growth Investors Inc. MN acquired a new position in shares of Zeta Global in the 3rd quarter worth approximately $121,502,000. Contour Asset Management LLC grew its position in shares of Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after acquiring an additional 2,327,907 shares in the last quarter. Norges Bank acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $46,975,000. M&T Bank Corp grew its position in shares of Zeta Global by 12,545.2% in the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after acquiring an additional 2,215,985 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $42,136,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Company Profile

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.