Zeta Global (NASDAQ:ZETA) Upgraded by Oppenheimer to “Outperform”

Oppenheimer upgraded shares of Zeta Global (NASDAQ:ZETAGet Rating) from a market perform rating to an outperform rating in a research report sent to investors on Thursday, MarketBeat.com reports. The firm currently has $20.00 price target on the stock.

ZETA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Zeta Global from a hold rating to a sell rating in a research report on Friday, April 1st. Needham & Company LLC restated a buy rating and set a $13.00 target price on shares of Zeta Global in a research note on Thursday, February 24th. Finally, Craig Hallum initiated coverage on shares of Zeta Global in a report on Monday, February 7th. They issued a buy rating and a $14.00 price target on the stock. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $12.70.

Shares of ZETA opened at $13.31 on Thursday. Zeta Global has a one year low of $5.27 and a one year high of $13.46. The company has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $9.29. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.85 and a current ratio of 1.85.

In other news, major shareholder Gpi Capital Gemini Holdco Lp sold 4,000,000 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $11.40, for a total value of $45,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in shares of Zeta Global during the 2nd quarter worth approximately $38,000. JPMorgan Chase & Co. acquired a new position in Zeta Global during the 4th quarter valued at approximately $48,000. Geode Capital Management LLC acquired a new position in Zeta Global during the 3rd quarter valued at approximately $66,000. Schonfeld Strategic Advisors LLC acquired a new position in Zeta Global during the 4th quarter valued at approximately $123,000. Finally, Hennessy Advisors Inc. acquired a new position in Zeta Global during the 4th quarter valued at approximately $132,000. Hedge funds and other institutional investors own 22.23% of the company’s stock.

About Zeta Global (Get Rating)

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. Its 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.

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