Canaccord Genuity Group Issues Pessimistic Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its price target decreased by equities research analysts at Canaccord Genuity Group from $28.00 to $26.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 89.92% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reduced their price objective on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays lowered their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reduced their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a report on Friday. Finally, DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $31.14.

Zeta Global Trading Up 1.5 %

Shares of NYSE:ZETA opened at $13.69 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $13.76 and its 200 day moving average price is $19.14. The company has a market cap of $3.25 billion, a PE ratio of -19.56, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Zeta Global in the first quarter worth about $426,000. CWM LLC lifted its position in shares of Zeta Global by 44.5% in the 1st quarter. CWM LLC now owns 4,106 shares of the company’s stock valued at $56,000 after acquiring an additional 1,264 shares in the last quarter. M&T Bank Corp acquired a new position in Zeta Global in the 1st quarter worth approximately $219,000. China Universal Asset Management Co. Ltd. grew its position in Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company’s stock worth $1,559,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in Zeta Global during the 1st quarter valued at $38,748,000. 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.