The Goldman Sachs Group Cuts Zeta Global (NYSE:ZETA) Price Target to $27.00

Zeta Global (NYSE:ZETA) had its target price trimmed by The Goldman Sachs Group from $30.00 to $27.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also weighed in on the company. DA Davidson upped their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Oppenheimer upped their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays lowered their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Stock Down 6.6 %

Zeta Global stock opened at $16.01 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -22.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. Zeta Global has a fifty-two week low of $9.99 and a fifty-two week high of $38.20. The stock’s fifty day moving average is $19.16 and its two-hundred day moving average is $23.52.

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the period. Optiver Holding B.V. lifted its position in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the period. Covestor Ltd lifted its position in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the period. Rakuten Securities Inc. purchased a new position in Zeta Global during the fourth quarter worth about $27,000. Finally, Coppell Advisory Solutions LLC lifted its position in Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after buying an additional 1,201 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

About Zeta Global

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.