Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.36 Average Target Price from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.36.

Several analysts have issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada dropped their price target on shares of Zeta Global from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group decreased their price objective on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, B. Riley lowered their target price on Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in ZETA. Vanguard Group Inc. boosted its holdings in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after buying an additional 489,499 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after purchasing an additional 5,567,201 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Geode Capital Management LLC boosted its position in Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after purchasing an additional 306,592 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after buying an additional 2,244,953 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Trading Up 2.0%

Shares of ZETA opened at $15.47 on Friday. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20. The stock’s 50-day moving average is $13.75 and its two-hundred day moving average is $15.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market cap of $3.64 billion, a PE ratio of -53.34, a P/E/G ratio of 33.37 and a beta of 1.29.

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.