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

Zeta Global Holdings Corp. (NYSE:ZETA) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.3333.

ZETA has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Bank of America lifted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Freedom Capital upgraded shares of Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th.

Zeta Global Stock Performance

NYSE:ZETA traded down $0.49 during midday trading on Tuesday, reaching $21.33. 2,497,128 shares of the company traded hands, compared to its average volume of 8,827,547. Zeta Global has a twelve month low of $13.74 and a twelve month high of $25.95. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -195.68, a price-to-earnings-growth ratio of 3.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company has a fifty day moving average price of $19.42 and a 200 day moving average price of $18.64.

Insider Transactions at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s 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 sale, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN bought a new stake in shares of Zeta Global during the third quarter valued at about $121,502,000. Contour Asset Management LLC grew its position in Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after buying an additional 2,327,907 shares in the last quarter. Norges Bank acquired a new position in Zeta Global during the 4th quarter valued at about $46,975,000. M&T Bank Corp raised its position in shares of Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after buying an additional 2,215,985 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new stake in shares of Zeta Global during the 4th quarter worth about $42,136,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.