DA Davidson Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its target price lifted by DA Davidson from $25.00 to $27.00 in a research note published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America increased their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley increased their price objective 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. The Goldman Sachs Group raised their price target on shares of Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group raised their price target on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.29.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $22.11 on Monday. The firm has a market capitalization of $5.26 billion, a P/E ratio of -116.34 and a beta of 1.30. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $18.23 and a 200 day moving average price of $15.22. Zeta Global has a 52 week low of $10.69 and a 52 week high of $38.20.

Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Zeta Global by 2,000.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after purchasing an additional 1,600 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $27,000. Quarry LP grew its stake in shares of Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after purchasing an additional 1,976 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $32,000. Finally, Traub Capital Management LLC acquired a new stake in shares of Zeta Global during the 2nd quarter worth approximately $50,000. 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.