Zeta Global (NYSE:ZETA) Earns “Buy” Rating from Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $43.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 158.34% from the company’s current price.

ZETA has been the topic of a number of other research reports. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Canaccord Genuity Group increased their price target on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley decreased their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Oppenheimer raised their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Craig Hallum boosted their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.07.

Zeta Global Trading Down 6.3 %

NYSE:ZETA opened at $16.65 on Wednesday. The company has a market capitalization of $3.95 billion, a P/E ratio of -23.78, a PEG ratio of 1.65 and a beta of 1.17. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 12 month low of $9.97 and a 12 month high of $38.20. The firm has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $23.77.

Institutional Trading of Zeta Global

Several institutional investors have recently modified their holdings of ZETA. JPMorgan Chase & Co. lifted its stake in Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after buying an additional 293,583 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after acquiring an additional 413,577 shares during the last quarter. Hodges Capital Management Inc. lifted its position in shares of Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after acquiring an additional 268,710 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Zeta Global in the third quarter worth approximately $5,644,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of Zeta Global during the third quarter worth approximately $1,752,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.