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

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.00.

ZETA has been the topic of several research reports. 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 research report on Tuesday, November 25th. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. The Goldman Sachs Group boosted their price target on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $18.84 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $19.13 and its 200 day moving average price is $19.05. Zeta Global has a 52 week low of $10.69 and a 52 week high of $24.90. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -125.59, a PEG ratio of 2.22 and a beta of 1.28.

Insider Activity

In related news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ZETA. Advisors Asset Management Inc. lifted its position in Zeta Global by 34.2% during 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 stake in shares of Zeta Global by 4.6% during the 1st 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 during the last quarter. Caxton Associates LLP acquired a new position in shares of Zeta Global during the 1st quarter valued at about $205,000. Woodline Partners LP purchased a new position in shares of Zeta Global during the 1st quarter worth about $222,000. Finally, Strs Ohio acquired a new stake in shares of Zeta Global in the first quarter worth approximately $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.