Wall Street Zen Upgrades Zeta Global (NYSE:ZETA) to “Buy”

Zeta Global (NYSE:ZETA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on the stock. Canaccord Genuity Group boosted their price target on shares of Zeta Global from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Bank of America increased their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Zeta Global from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Zeta Global Stock Performance

NYSE ZETA opened at $21.46 on Friday. The stock has a market cap of $5.11 billion, a P/E ratio of -112.95 and a beta of 1.30. The company’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $15.19. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. increased its position in Zeta Global by 6.0% in the 2nd quarter. Nomura Holdings Inc. now owns 162,424 shares of the company’s stock valued at $2,516,000 after acquiring an additional 9,123 shares during the period. Castleark Management LLC acquired a new position in Zeta Global in the 2nd quarter valued at approximately $791,000. Tower Research Capital LLC TRC boosted its stake in shares of Zeta Global by 580.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,126 shares of the company’s stock valued at $436,000 after purchasing an additional 23,994 shares during the last quarter. Manatuck Hill Partners LLC boosted its stake in shares of Zeta Global by 16.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 290,000 shares of the company’s stock valued at $4,492,000 after purchasing an additional 40,000 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Zeta Global by 95.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 83,628 shares of the company’s stock valued at $1,295,000 after purchasing an additional 40,878 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.