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

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

A number of other equities analysts have also recently commented on the company. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Bank of America boosted their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Finally, B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Price Performance

ZETA stock opened at $18.77 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.68 billion, a PE ratio of -170.60, a P/E/G ratio of 2.88 and a beta of 1.34. Zeta Global has a 12-month low of $13.74 and a 12-month high of $25.95. The business’s fifty day moving average price is $19.01 and its 200 day moving average price is $18.57.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.74% of the stock is owned by insiders.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its stake in shares of Zeta Global by 4.8% during the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after buying an additional 560 shares during the period. Verus Capital Partners LLC lifted its stake in Zeta Global by 1.2% in the fourth quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after acquiring an additional 600 shares during the last quarter. Essential Partners LLC grew its holdings in Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after acquiring an additional 630 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Zeta Global by 3.9% during the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after acquiring an additional 750 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Zeta Global by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock worth $724,000 after acquiring an additional 793 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Key Zeta Global News

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

About Zeta Global

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.