Zeta Global (NYSE:ZETA) Upgraded at Wall Street Zen

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

Several other equities analysts have also recently issued reports on the company. Morgan Stanley upped their price objective on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. DA Davidson set a $29.00 price target on Zeta Global in a research note on Monday, January 12th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Zeta Global Stock Up 3.4%

Shares of Zeta Global stock opened at $15.49 on Friday. The company has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $19.11. The stock has a market capitalization of $3.73 billion, a PE ratio of -129.03, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. Zeta Global has a 52-week low of $10.69 and a 52-week high of $26.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01.

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the firm’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 transaction, the director directly owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

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