Zeta Global (NYSE:ZETA) Given New $30.00 Price Target at Canaccord Genuity Group

Zeta Global (NYSE:ZETA) had its price target increased by Canaccord Genuity Group from $28.00 to $30.00 in a research report report published on Wednesday, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. The Goldman Sachs Group increased their price target on Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Zacks Research raised Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley increased their price target on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

Zeta Global Trading Up 0.7%

Shares of NYSE:ZETA opened at $20.01 on Wednesday. The company has a market capitalization of $4.76 billion, a P/E ratio of -105.29 and a beta of 1.29. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20. 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 business’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $15.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenvale Capital LLP lifted its stake in shares of Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock valued at $85,513,000 after purchasing an additional 5,567,201 shares during the period. Geode Capital Management LLC lifted its stake in shares of Zeta Global by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock valued at $74,913,000 after purchasing an additional 174,972 shares during the period. State Street Corp lifted its stake in shares of Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock valued at $72,365,000 after purchasing an additional 215,932 shares during the period. Finally, Yong Rong HK Asset Management Ltd acquired a new position in shares of Zeta Global in the 1st quarter valued at about $38,748,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.