Zeta Global Holdings Corp. (NYSE:ZETA) Receives $29.00 Average Target Price from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several brokerages have issued reports on ZETA. DA Davidson raised their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. The Goldman Sachs Group raised their price objective on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley boosted their target price on shares of Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th.

Zeta Global Stock Performance

ZETA stock opened at $15.95 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 1.60. Zeta Global has a 1 year low of $10.69 and a 1 year high of $24.90. The company has a market cap of $3.89 billion, a P/E ratio of -106.30, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. The stock’s fifty day moving average price is $17.52 and its 200-day moving average price is $18.79.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN bought a new stake in Zeta Global during the third quarter valued at about $121,502,000. Greenvale Capital LLP raised its stake in shares of Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after buying an additional 4,451,181 shares during the period. Marshall Wace LLP lifted its position in shares of Zeta Global by 857.2% during the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares in the last quarter. Contour Asset Management LLC lifted its position in shares of Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after buying an additional 2,327,907 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Zeta Global during the 4th quarter valued at approximately $46,975,000. 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.