Zeta Global (NYSE:ZETA) Shares Gap Up on Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up before the market opened on Tuesday after Morgan Stanley raised their price target on the stock from $21.00 to $23.00. The stock had previously closed at $17.48, but opened at $18.34. Morgan Stanley currently has an equal weight rating on the stock. Zeta Global shares last traded at $18.1310, with a volume of 1,487,074 shares trading hands.

A number of other brokerages have also weighed in on ZETA. Bank of America lifted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 price target on shares of Zeta Global in a report on Thursday, November 6th. 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, Zacks Research raised shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $27.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its stake in shares of Zeta Global by 2,000.0% in the second 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 during the last quarter. Quarry LP boosted its stake in Zeta Global by 963.9% in the 1st 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 purchased a new stake in Zeta Global during the 3rd quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new stake in Zeta Global during the 1st quarter valued at about $32,000. Finally, National Bank of Canada FI increased its stake in Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing 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 Price Performance

The firm’s fifty day simple moving average is $19.03 and its 200-day simple moving average is $17.08. The firm has a market capitalization of $4.38 billion, a PE ratio of -151.70 and a beta of 1.27. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29.

About Zeta Global

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.