Zeta Global (NYSE:ZETA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Zeta Global (NYSE:ZETA) had its price objective hoisted by Morgan Stanley from $21.00 to $23.00 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 26.34% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $23.00 price objective on shares of Zeta Global in a report on Thursday, November 6th. B. Riley raised their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America lifted their target price on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, UBS Group set a $29.00 price target on shares of Zeta Global in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Zeta Global Stock Up 1.0%

NYSE:ZETA opened at $18.21 on Wednesday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -151.70 and a beta of 1.27. Zeta Global has a twelve month low of $10.69 and a twelve month high of $27.79. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $17.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZETA. Golden State Wealth Management LLC raised 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 acquiring an additional 1,600 shares in the last quarter. Quarry LP increased its position in shares of Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after purchasing an additional 1,976 shares in the last quarter. Binnacle Investments Inc acquired a new position in shares of Zeta Global during the third quarter worth $30,000. Banque Cantonale Vaudoise purchased a new stake in Zeta Global in the first quarter valued at about $32,000. Finally, National Bank of Canada FI increased its holdings in shares of Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after acquiring an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

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.