Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.36 Average Target Price from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.36.

A number of equities research analysts have recently weighed in on ZETA shares. Royal Bank of Canada lowered their target price on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Canaccord Genuity Group lowered their price objective on Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. B. Riley cut their target price on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Barclays cut their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th.

Zeta Global Price Performance

ZETA stock opened at $13.35 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market cap of $3.17 billion, a P/E ratio of -19.07, a P/E/G ratio of 1.65 and a beta of 1.29. The firm’s fifty day moving average is $13.39 and its 200 day moving average is $18.65. Zeta Global has a 52 week low of $10.69 and a 52 week high of $38.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZETA. Hodges Capital Management Inc. boosted its position in shares of Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after buying an additional 268,710 shares during the period. Barclays PLC boosted its holdings in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after acquiring an additional 112,238 shares during the period. Nordea Investment Management AB bought a new position in Zeta Global in the 4th quarter valued at $2,444,000. Janney Montgomery Scott LLC increased its stake in Zeta Global by 273.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company’s stock worth $1,399,000 after purchasing an additional 56,910 shares during the period. Finally, Janney Capital Management LLC bought a new stake in shares of Zeta Global during the fourth quarter worth $355,000. Institutional investors own 87.75% of the company’s stock.

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.