Zeta Global (NYSE:ZETA) Stock Rating Upgraded by The Goldman Sachs Group

Zeta Global (NYSE:ZETA) was upgraded by investment analysts at The Goldman Sachs Group to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

ZETA has been the topic of several other research reports. 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 report on Tuesday, April 28th. Royal Bank Of Canada lifted their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Down 3.8%

Zeta Global stock opened at $18.77 on Tuesday. The company has a market capitalization of $4.68 billion, a PE ratio of -170.60, a price-to-earnings-growth ratio of 2.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Zeta Global has a fifty-two week low of $13.74 and a fifty-two week high of $25.95. The firm has a 50 day moving average price of $19.01 and a 200 day moving average price of $18.57.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ZETA. Cornerstone Planning Group LLC lifted its stake in Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the last quarter. DV Equities LLC acquired a new stake in Zeta Global during the fourth quarter worth approximately $29,000. Binnacle Investments Inc acquired a new stake in Zeta Global during the third quarter worth approximately $30,000. United Community Bank purchased a new stake in shares of Zeta Global during the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after buying an additional 1,406 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global News Summary

Here are the key news stories impacting Zeta Global this week:

• Positive Sentiment: Zeta’s new multi-year partnership with Palantir to develop a unified data and AI infrastructure for marketing has been described by analysts as strategically positive and a validation of Zeta’s AI pivot. Zeta’s partnership with Palantir ‘strategically positive’: Needham
• Positive Sentiment: Bank of America raised its price target on Zeta Global and reiterated a buy rating, signaling increased confidence in the company’s growth outlook and upside potential. Read More: Read More.
• Positive Sentiment: DA Davidson reaffirmed its buy rating on Zeta Global and set a higher price target, adding to the bullish analyst response following the Palantir deal. Read More: Read More., Read More.
• Positive Sentiment: Reports say the Palantir-Zeta agreement could be a 7-year deal targeting roughly $100 million in annual revenue, which would help support long-term growth expectations. Palantir and Zeta Global ink 7-year deal, targeting $100M in annual revenue
• Neutral Sentiment: Several articles focused on whether Zeta’s valuation is still attractive after its strong multi-year run, suggesting some debate remains about how much of the good news is already priced in. Zeta Global (ZETA) Stock After 3-Year 139% Gain Is The Valuation Still Attractive
• Neutral Sentiment: Market coverage also noted mixed analyst target changes after Zeta’s platform reframing, indicating a more divided view on the stock’s near-term valuation. Zeta Global (ZETA) Stock Faces Mixed Analyst Target Changes After Platform Reframing

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.