Zeta Global (NYSE:ZETA) Given Buy Rating at Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They currently have a $43.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 108.60% from the company’s current price.

A number of other research analysts have also weighed in on ZETA. Morgan Stanley decreased their target price on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Truist Financial reiterated a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, DA Davidson raised their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Trading Down 4.7 %

Zeta Global stock opened at $20.61 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $23.86. The stock has a market capitalization of $4.89 billion, a P/E ratio of -29.45, a PEG ratio of 1.65 and a beta of 1.17. Zeta Global has a 52 week low of $9.97 and a 52 week high of $38.20.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Hodges Capital Management Inc. raised its position in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after buying an additional 268,710 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth approximately $5,644,000. Finally, Qsemble Capital Management LP acquired a new stake in shares of Zeta Global during the 3rd quarter worth approximately $1,752,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.