Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Recommendation of “Moderate Buy” by Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.86.

Several analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Barclays decreased their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price target on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $13.90 on Wednesday. Zeta Global has a 1-year low of $10.30 and a 1-year high of $38.20. The firm has a market capitalization of $3.30 billion, a PE ratio of -19.85, a PEG ratio of 1.65 and a beta of 1.18. The business’s 50 day moving average is $18.53 and its 200-day moving average is $22.91. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Zeta Global by 16.6% in the 4th quarter. California State Teachers Retirement System now owns 179,383 shares of the company’s stock valued at $3,227,000 after purchasing an additional 25,556 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Zeta Global during the fourth quarter worth $212,000. Heck Capital Advisors LLC bought a new stake in shares of Zeta Global during the fourth quarter worth $66,000. Mackenzie Financial Corp raised its position in shares of Zeta Global by 294.3% during the fourth quarter. Mackenzie Financial Corp now owns 170,552 shares of the company’s stock worth $3,068,000 after acquiring an additional 127,301 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Zeta Global during the fourth quarter worth $3,384,000. 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.