Zeta Global (NYSE:ZETA) Price Target Raised to $30.00

Zeta Global (NYSE:ZETA) had its target price raised by DA Davidson from $29.00 to $30.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

ZETA has been the subject of a number of other reports. Citigroup began coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 target price for the company. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Needham & Company LLC reissued a “buy” rating on shares of Zeta Global in a research report on Tuesday, November 25th. Morgan Stanley increased their price target on Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, UBS Group set a $29.00 price objective on shares of Zeta Global in a report on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Stock Down 6.2%

Shares of ZETA stock opened at $16.94 on Thursday. The company has a 50 day simple moving average of $19.20 and a two-hundred day simple moving average of $19.06. The stock has a market cap of $4.07 billion, a P/E ratio of -112.90, a P/E/G ratio of 1.54 and a beta of 1.26. Zeta Global has a 12 month low of $10.69 and a 12 month 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.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the sale, the director owned 57,850 shares in the company, valued at $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.