The Goldman Sachs Group Cuts Zeta Global (NYSE:ZETA) Price Target to $16.00

Zeta Global (NYSE:ZETA) had its price objective cut by The Goldman Sachs Group from $27.00 to $16.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on the company. B. Riley decreased their price target on Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada cut their target price on Zeta Global from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Needham & Company LLC cut their price objective on Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.36.

Zeta Global Stock Up 0.7 %

ZETA stock opened at $13.20 on Monday. Zeta Global has a one year low of $10.69 and a one year high of $38.20. The stock has a market capitalization of $3.14 billion, a P/E ratio of -18.86, a PEG ratio of 1.65 and a beta of 1.29. The company has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $18.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after acquiring an additional 112,238 shares in the last quarter. Franklin Resources Inc. grew its stake in Zeta Global by 86.0% in the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock worth $3,984,000 after purchasing an additional 59,311 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after buying an additional 293,583 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Zeta Global during the fourth quarter valued at approximately $2,444,000. Finally, Diversified Trust Co lifted its holdings in Zeta Global by 228.8% during the 4th quarter. Diversified Trust Co now owns 51,003 shares of the company’s stock worth $918,000 after buying an additional 35,490 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.