Zeta Global (NYSE:ZETA) Given New $25.00 Price Target at DA Davidson

Zeta Global (NYSE:ZETA) had its price target decreased by DA Davidson from $42.00 to $25.00 in a research report released on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on ZETA. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Barclays decreased their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.64.

Zeta Global Price Performance

Zeta Global stock opened at $11.88 on Monday. The company has a market capitalization of $2.82 billion, a PE ratio of -16.97, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $20.88. Zeta Global has a 12 month low of $10.93 and a 12 month high of $38.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zeta Global in the fourth quarter worth approximately $51,042,000. Lord Abbett & CO. LLC lifted its position in shares of Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Norges Bank bought a new position in shares of Zeta Global during the 4th quarter worth approximately $43,236,000. Renaissance Technologies LLC boosted its stake 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 buying an additional 2,345,562 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock valued at $74,285,000 after acquiring an additional 2,244,953 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

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.