Zeta Global (NYSE:ZETA) Raised to “Buy” at Wall Street Zen

Zeta Global (NYSE:ZETA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts also recently weighed in on ZETA. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, October 8th. DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Zeta Global in a research note on Monday, November 24th. Canaccord Genuity Group raised their target price on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Zacks Research raised Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.25.

Zeta Global Stock Up 0.6%

Shares of NYSE:ZETA opened at $17.97 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of -149.74 and a beta of 1.27. The company has a 50 day moving average of $18.38 and a 200-day moving average of $17.62. Zeta Global has a one year low of $10.69 and a one year high of $26.60.

Insider Activity

In related news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the sale, the director directly owned 57,850 shares in the company, valued at $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN acquired a new position in shares of Zeta Global during the 3rd quarter worth approximately $121,502,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Zeta Global by 753.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after purchasing an additional 5,567,201 shares during the period. Greenvale Capital LLP increased its holdings in shares of Zeta Global by 178.0% in the second 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 last quarter. Marshall Wace LLP raised its position in shares of Zeta Global by 857.2% in the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after purchasing an additional 2,399,408 shares during the period. Finally, Norges Bank acquired a new stake in shares of Zeta Global during the 2nd quarter worth about $33,474,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.