DA Davidson Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $27.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 42.88% from the company’s previous close.

Several other equities analysts have also recently weighed in on ZETA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Zeta Global in a report on Wednesday. Finally, Bank of America raised their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Zeta Global Stock Up 13.2%

Shares of ZETA traded up $2.20 during midday trading on Wednesday, hitting $18.90. The stock had a trading volume of 6,354,595 shares, compared to its average volume of 7,122,276. The company has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $16.49. Zeta Global has a twelve month low of $10.69 and a twelve month high of $38.20. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -99.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in the stock. Palouse Capital Management Inc. boosted its holdings in Zeta Global by 6.1% in the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock worth $167,000 after acquiring an additional 619 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Zeta Global by 15.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock valued at $82,000 after acquiring an additional 702 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Zeta Global by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock valued at $1,321,000 after acquiring an additional 799 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Zeta Global by 1.3% during the second quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock worth $981,000 after purchasing an additional 804 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Zeta Global by 6.5% during the third quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after purchasing an additional 874 shares during the last quarter. Institutional investors and hedge funds 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.