B. Riley Reaffirms Buy Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a note issued to investors on Wednesday,Benzinga reports. They currently have a $44.00 price target on the stock. B. Riley’s price objective points to a potential upside of 164.34% from the company’s current price.

A number of other research analysts also recently commented on ZETA. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Truist Financial reaffirmed a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Canaccord Genuity Group boosted their target price 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 restated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday. Finally, KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $37.07.

Zeta Global Trading Down 6.3 %

ZETA stock opened at $16.65 on Wednesday. The firm has a market cap of $3.95 billion, a PE ratio of -23.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The firm has a fifty day moving average price of $19.38 and a 200 day moving average price of $23.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global has a fifty-two week low of $9.97 and a fifty-two week high of $38.20.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. grew its holdings in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after acquiring an additional 532 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC boosted its stake in shares of Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after purchasing an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Zeta Global during the fourth quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global in the fourth quarter worth approximately $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.