Zeta Global (NYSE:ZETA) Given New $16.00 Price Target at The Goldman Sachs Group

Zeta Global (NYSE:ZETA) had its target price cut by The Goldman Sachs Group from $27.00 to $16.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley reduced 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. Canaccord Genuity Group lowered their target price on Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday. DA Davidson cut their target price 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. Finally, Barclays decreased their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.36.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $13.45 on Monday. The company has a market cap of $3.20 billion, a P/E ratio of -19.21, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm’s fifty day moving average is $13.67 and its two-hundred day moving average is $18.97.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the business. Hussman Strategic Advisors Inc. lifted its position in shares of Zeta Global by 100.0% during the first quarter. Hussman Strategic Advisors Inc. now owns 168,000 shares of the company’s stock worth $2,278,000 after purchasing an additional 84,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Zeta Global during the 1st quarter valued at about $426,000. CWM LLC boosted its position in 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 buying an additional 1,264 shares during the period. M&T Bank Corp bought a new position in Zeta Global in the 1st quarter worth about $219,000. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Zeta Global by 228.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company’s stock worth $1,559,000 after acquiring an additional 80,000 shares during the period. Institutional investors 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.