Zeta Global (NYSE:ZETA) Stock Rating Upgraded by Freedom Capital

Zeta Global (NYSE:ZETA) was upgraded by research analysts at Freedom Capital to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

ZETA has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Zeta Global in a research note on Wednesday, June 24th. Bank of America upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Royal Bank Of Canada boosted their price target on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Price Performance

ZETA opened at $19.72 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $4.91 billion, a PE ratio of -179.25, a price-to-earnings-growth ratio of 2.92 and a beta of 1.34. The stock’s 50 day moving average price is $19.16 and its 200-day moving average price is $18.56. Zeta Global has a 52-week low of $13.74 and a 52-week high of $25.95.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.74% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of Zeta Global by 3,150.0% during the 4th 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 during the period. DV Equities LLC purchased a new position in shares of Zeta Global during the 4th quarter worth $29,000. United Community Bank bought a new stake in shares of Zeta Global during the 4th quarter valued at $31,000. Binnacle Investments Inc purchased a new stake in shares of Zeta Global in the 3rd quarter worth $30,000. Finally, National Bank of Canada FI increased its stake in shares of Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,267 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.