Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) Price Target at $28.33

Zeta Global Holdings Corp. (NYSE:ZETA) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.3333.

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Freedom Capital raised Zeta Global to a “strong-buy” rating in a report on Monday, June 29th. KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Zeta Global in a report on Wednesday, June 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th.

Insider Activity

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Cornerstone Planning Group LLC lifted its position in shares of Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after buying an additional 1,260 shares during the last quarter. DV Equities LLC bought a new stake in shares of Zeta Global during the 4th quarter valued at about $29,000. United Community Bank acquired a new stake in Zeta Global during the fourth quarter worth about $31,000. Binnacle Investments Inc acquired a new stake in Zeta Global during the third quarter worth about $30,000. Finally, National Bank of Canada FI lifted its holdings in Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after acquiring an additional 1,267 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

ZETA opened at $22.55 on Friday. The company has a 50-day moving average of $20.92 and a 200-day moving average of $18.73. The company has a market capitalization of $5.62 billion, a P/E ratio of -205.04, a PEG ratio of 3.19 and a beta of 1.39. Zeta Global has a 1-year low of $14.36 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

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.