Zeta Global (NYSE:ZETA) Given New $29.00 Price Target at B. Riley

Zeta Global (NYSE:ZETA) had its price target lowered by B. Riley from $44.00 to $29.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley dropped their price objective on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Truist Financial lowered their target price on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Barclays lowered their target price on shares of 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. Canaccord Genuity Group reiterated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.29.

Zeta Global Price Performance

NYSE:ZETA opened at $11.29 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -16.13, a PEG ratio of 1.65 and a beta of 1.29. The business has a 50 day simple moving average of $15.26 and a 200-day simple moving average of $20.17.

Institutional Trading of Zeta Global

A number of large investors have recently bought and sold shares of the business. Register Financial Advisors LLC grew its position in Zeta Global by 18.2% in the 1st quarter. Register Financial Advisors LLC now owns 13,000 shares of the company’s stock valued at $176,000 after buying an additional 2,000 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Zeta Global by 12.4% in the 1st quarter. Blue Trust Inc. now owns 25,657 shares of the company’s stock worth $348,000 after acquiring an additional 2,824 shares during the period. Janney Montgomery Scott LLC raised its holdings in Zeta Global by 32.2% during the first quarter. Janney Montgomery Scott LLC now owns 102,781 shares of the company’s stock worth $1,394,000 after purchasing an additional 25,036 shares during the last quarter. Optas LLC boosted its position in Zeta Global by 124.9% during the first quarter. Optas LLC now owns 22,508 shares of the company’s stock worth $305,000 after purchasing an additional 12,499 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in Zeta Global in the first quarter valued at $138,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.