Zeta Global (NYSE:ZETA) Given New $25.00 Price Target at Needham & Company LLC

Zeta Global (NYSE:ZETA) had its price target upped by Needham & Company LLC from $20.00 to $25.00 in a research note released on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. DA Davidson raised their price target on Zeta Global from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Canaccord Genuity Group increased their price objective on Zeta Global from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. 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. Finally, Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.38.

Zeta Global Stock Up 0.7%

ZETA opened at $20.01 on Wednesday. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The business has a 50-day moving average of $18.94 and a 200-day moving average of $15.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The company has a market capitalization of $4.76 billion, a PE ratio of -105.29 and a beta of 1.29.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. China Universal Asset Management Co. Ltd. grew its holdings in shares of Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company’s stock worth $1,559,000 after purchasing an additional 80,000 shares in the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Zeta Global by 33.6% during the 1st quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company’s stock worth $14,206,000 after purchasing an additional 263,451 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $360,000. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $38,748,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $162,000. 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.