Needham & Company LLC Issues Pessimistic Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its price objective cut by analysts at Needham & Company LLC from $43.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 82.62% from the stock’s current price.

ZETA has been the subject of several other research reports. DA Davidson decreased their price target on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating for the company in a report on Monday, April 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Truist Financial dropped their price target on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada decreased 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. Finally, The Goldman Sachs Group dropped their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.14.

Zeta Global Stock Up 1.5 %

Zeta Global stock opened at $13.69 on Friday. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -19.56, a PEG ratio of 1.65 and a beta of 1.29. The company’s 50 day simple moving average is $13.76 and its 200 day simple moving average is $19.14.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently modified their holdings of ZETA. Vanguard Group Inc. raised its holdings in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after purchasing an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after buying an additional 306,592 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock valued at $74,285,000 after buying an additional 2,244,953 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new position in shares of Zeta Global in the first quarter valued at $38,748,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

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.