Zeta Global (NYSE:ZETA) Downgraded to “Hold” Rating by Wall Street Zen

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

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a research report on Tuesday, November 25th. B. Riley Financial upped their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group set a $29.00 price objective on Zeta Global in a research report on Tuesday, November 25th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Stock Performance

NYSE:ZETA opened at $16.94 on Friday. Zeta Global has a 1-year low of $10.69 and a 1-year high of $24.90. 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 market cap of $4.07 billion, a P/E ratio of -112.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.26. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $19.06.

Insider Activity

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

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of ZETA. DGS Capital Management LLC lifted its holdings in Zeta Global by 64.4% during the fourth quarter. DGS Capital Management LLC now owns 24,890 shares of the company’s stock worth $507,000 after acquiring an additional 9,748 shares during the period. Invesco Ltd. grew its stake in Zeta Global by 9.4% in the 4th quarter. Invesco Ltd. now owns 153,202 shares of the company’s stock valued at $3,118,000 after purchasing an additional 13,221 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Zeta Global by 8.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,027,355 shares of the company’s stock worth $81,957,000 after purchasing an additional 318,709 shares during the period. Empowered Funds LLC bought a new position in Zeta Global during the fourth quarter valued at about $120,000. Finally, VARCOV Co. purchased a new stake in Zeta Global during the fourth quarter worth about $428,000. Institutional investors own 87.75% of the company’s stock.

About Zeta Global

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.