Zeta Global’s (ZETA) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Friday,Weiss Ratings reports.

A number of other equities analysts also recently issued reports on ZETA. Canaccord Genuity Group increased their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Bank of America lifted their price target 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 upped their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on shares of Zeta Global from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.67.

Zeta Global Price Performance

ZETA stock opened at $18.80 on Friday. Zeta Global has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a market cap of $4.47 billion, a P/E ratio of -98.92 and a beta of 1.29. The firm has a 50-day moving average of $19.58 and a 200 day moving average of $16.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zeta Global by 25.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,743 shares of the company’s stock worth $200,000 after purchasing an additional 2,948 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Zeta Global by 32.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 102,781 shares of the company’s stock worth $1,394,000 after buying an additional 25,036 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new position in Zeta Global during the 1st quarter valued at about $27,000. Cavalier Investments LLC purchased a new stake in shares of Zeta Global during the 1st quarter valued at about $2,735,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Zeta Global in the first quarter worth approximately $162,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.