Canaccord Genuity Group Reaffirms Buy Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $28.00 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 68.22% from the company’s previous close.

A number of other equities research analysts have also weighed in on ZETA. Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday. DA Davidson boosted their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Craig Hallum raised their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.07.

Zeta Global Stock Down 6.3 %

Shares of NYSE:ZETA opened at $16.65 on Wednesday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -23.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The company has a 50 day moving average of $19.38 and a two-hundred day moving average of $23.77. Zeta Global has a 52-week low of $9.97 and a 52-week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of ZETA. Optiver Holding B.V. boosted its holdings in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after buying an additional 532 shares during the period. Summit Investment Advisors Inc. boosted its stake in Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock valued at $336,000 after acquiring an additional 592 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Zeta Global by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock valued at $254,000 after purchasing an additional 636 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after purchasing an additional 987 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.