Analysts Set Zeta Global Holdings Corp. (NYSE:ZETA) Target Price at $36.86

Zeta Global Holdings Corp. (NYSE:ZETA) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $36.86.

Several research analysts recently weighed in on ZETA shares. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th.

Zeta Global Price Performance

ZETA opened at $14.40 on Wednesday. The firm’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $22.67. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -20.56, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a 1 year low of $10.30 and a 1 year high of $38.20.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Principal Financial Group Inc. lifted its stake in shares of Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after buying an additional 113,838 shares in the last quarter. Atria Investments Inc bought a new stake in Zeta Global during the 3rd quarter valued at $358,000. Victory Capital Management Inc. raised its holdings in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after acquiring an additional 47,849 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Zeta Global during the third quarter worth $1,128,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Zeta Global by 15.9% in the third quarter. Natixis Advisors LLC now owns 16,295 shares of the company’s stock worth $486,000 after acquiring an additional 2,236 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

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.