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

Zeta Global Holdings Corp. (NYSE:ZETA) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.3333.

A number of equities research analysts have recently weighed in on ZETA shares. Wall Street Zen raised 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 note on Friday, May 1st. 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. DA Davidson reaffirmed a “buy” rating and set a $30.00 price objective on shares of Zeta Global in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the company a “neutral” rating in a research note on Wednesday, June 24th.

Zeta Global Price Performance

NYSE ZETA opened at $21.90 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of -199.13, a price-to-earnings-growth ratio of 3.18 and a beta of 1.37. The company has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $18.77. Zeta Global has a 52-week low of $13.74 and a 52-week high of $25.95.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares of the company’s stock, valued at $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.74% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings 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 valued at $26,000 after purchasing an additional 1,260 shares in the last quarter. DV Equities LLC acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $29,000. Binnacle Investments Inc acquired a new position in shares of Zeta Global in the 3rd quarter worth approximately $30,000. United Community Bank acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after buying an additional 1,406 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.