Morgan Stanley Forecasts Strong Price Appreciation for Zeta Global (NYSE:ZETA) Stock

Zeta Global (NYSE:ZETA) had its price target boosted by analysts at Morgan Stanley from $23.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 50.20% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a report on Wednesday. Canaccord Genuity Group boosted their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research report on Wednesday. The Goldman Sachs Group initiated coverage on Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $37.07.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $16.65 on Wednesday. The firm’s fifty day simple moving average is $19.38 and its 200-day simple moving average is $23.77. Zeta Global has a 12 month low of $9.97 and a 12 month high of $38.20. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -23.78, a PEG ratio of 1.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently made changes to their positions in ZETA. Optiver Holding B.V. grew 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. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC grew its holdings in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the 4th quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in Zeta Global during the fourth quarter worth $33,000. Hedge funds and other institutional investors 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.