Zeta Global (NYSE:ZETA) Upgraded at Zacks Research

Zacks Research upgraded shares of Zeta Global (NYSE:ZETA) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on ZETA. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. The Goldman Sachs Group increased their price objective on Zeta Global from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Morgan Stanley boosted their target price on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC decreased their target price on Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Zeta Global Stock Performance

ZETA stock opened at $19.60 on Wednesday. The firm has a 50 day moving average of $16.74 and a two-hundred day moving average of $15.29. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -103.17 and a beta of 1.28. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZETA. Dimensional Fund Advisors LP raised its position in shares of Zeta Global by 708.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,810 shares of the company’s stock valued at $11,079,000 after buying an additional 539,658 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Zeta Global by 130.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,054 shares of the company’s stock valued at $145,000 after buying an additional 4,555 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Zeta Global by 88.3% during the fourth quarter. Hsbc Holdings PLC now owns 43,765 shares of the company’s stock valued at $767,000 after buying an additional 20,520 shares during the last quarter. Boothbay Fund Management LLC raised its position in shares of Zeta Global by 29.3% during the fourth quarter. Boothbay Fund Management LLC now owns 15,502 shares of the company’s stock valued at $279,000 after buying an additional 3,515 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Zeta Global by 16.0% during the fourth quarter. Northern Trust Corp now owns 2,041,040 shares of the company’s stock valued at $36,718,000 after buying an additional 281,251 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.