Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Recommendation of “Moderate Buy” by Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of equities analysts have commented on ZETA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. Bank of America increased their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. DA Davidson boosted their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Citigroup started coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th.

Zeta Global Trading Up 3.7%

Shares of ZETA opened at $18.02 on Wednesday. The company’s fifty day moving average is $19.17 and its 200 day moving average is $19.06. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $24.90. The stock has a market capitalization of $4.34 billion, a PE ratio of -120.13, a P/E/G ratio of 2.04 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the business’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 transaction, the director owned 57,850 shares in the company, 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 insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after buying an additional 1,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Zeta Global by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after acquiring an additional 4,631 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Zeta Global in the first quarter valued at approximately $205,000. Woodline Partners LP bought a new position in Zeta Global in the first quarter worth approximately $222,000. Finally, Strs Ohio bought a new position in Zeta Global in the first quarter worth approximately $117,000. Hedge funds and other 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.