Zeta Global (NYSE:ZETA) Shares Gap Up Following Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up prior to trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from $28.00 to $30.00. The stock had previously closed at $19.87, but opened at $20.65. Canaccord Genuity Group currently has a buy rating on the stock. Zeta Global shares last traded at $20.68, with a volume of 2,665,830 shares.

Several other brokerages have also recently issued reports on ZETA. Bank of America boosted their price target on Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Needham & Company LLC boosted their price target on Zeta Global from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research upgraded shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Morgan Stanley boosted 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. Finally, DA Davidson lifted their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.38.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of ZETA. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Zeta Global during the fourth quarter valued at about $212,000. California State Teachers Retirement System grew its holdings in Zeta Global by 16.6% during the 4th quarter. California State Teachers Retirement System now owns 179,383 shares of the company’s stock worth $3,227,000 after acquiring an additional 25,556 shares during the last quarter. Wellington Management Group LLP acquired a new position in Zeta Global in the 4th quarter valued at approximately $6,614,000. GAMMA Investing LLC lifted its holdings in shares of Zeta Global by 1,224.5% during the first quarter. GAMMA Investing LLC now owns 9,139 shares of the company’s stock worth $124,000 after purchasing an additional 8,449 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Zeta Global by 3.3% in the first quarter. Rhumbline Advisers now owns 255,647 shares of the company’s stock worth $3,467,000 after purchasing an additional 8,183 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Up 0.7%

The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -105.29 and a beta of 1.29. The stock has a fifty day moving average of $18.94 and a two-hundred 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.

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.