Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Rating of “Moderate Buy” by Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.00.

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Bank of America lifted 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 Tuesday, November 25th. Finally, UBS Group set a $29.00 target price on shares of Zeta Global in a research note on Tuesday, November 25th.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was 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 in the company, valued at approximately $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake in shares of Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,260 shares during the last quarter. DV Equities LLC acquired a new stake in Zeta Global during the 4th quarter worth $29,000. United Community Bank purchased a new stake in shares of Zeta Global during the fourth quarter worth $31,000. Binnacle Investments Inc acquired a new stake in shares of Zeta Global in the third quarter valued at about $30,000. Finally, Golden State Wealth Management LLC raised its position in shares of Zeta Global by 2,000.0% in the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $26,000 after buying an additional 1,600 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Down 4.1%

NYSE:ZETA opened at $18.31 on Wednesday. The company has a market capitalization of $4.47 billion, a P/E ratio of -122.03, a PEG ratio of 2.24 and a beta of 1.28. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. Zeta Global has a 12 month low of $10.69 and a 12 month high of $24.90. The firm has a fifty day simple moving average of $19.05 and a 200-day simple moving average of $19.05.

Zeta Global Company Profile

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.