Zeta Global (NYSE:ZETA) Upgraded by The Goldman Sachs Group to Hold Rating

The Goldman Sachs Group upgraded shares of Zeta Global (NYSE:ZETA) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Performance

NYSE:ZETA opened at $18.77 on Tuesday. The business has a 50 day moving average of $19.01 and a 200 day moving average of $18.57. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -170.60, a PEG ratio of 2.88 and a beta of 1.34. Zeta Global has a 1-year low of $13.74 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Activity

In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.74% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after acquiring an additional 1,325,717 shares during the last quarter. Contour Asset Management LLC boosted its holdings in shares of Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares during the period. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Zeta Global during the third quarter worth about $121,502,000. Goldman Sachs Group Inc. grew its stake in shares of Zeta Global by 13.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after purchasing an additional 673,145 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Zeta Global by 0.7% in the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after purchasing an additional 33,923 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global News Roundup

Here are the key news stories impacting Zeta Global this week:

• Positive Sentiment: Zeta’s new multi-year partnership with Palantir to develop a unified data and AI infrastructure for marketing has been described by analysts as strategically positive and a validation of Zeta’s AI pivot. Zeta’s partnership with Palantir ‘strategically positive’: Needham
• Positive Sentiment: Bank of America raised its price target on Zeta Global and reiterated a buy rating, signaling increased confidence in the company’s growth outlook and upside potential. Read More: Read More.
• Positive Sentiment: DA Davidson reaffirmed its buy rating on Zeta Global and set a higher price target, adding to the bullish analyst response following the Palantir deal. Read More: Read More., Read More.
• Positive Sentiment: Reports say the Palantir-Zeta agreement could be a 7-year deal targeting roughly $100 million in annual revenue, which would help support long-term growth expectations. Palantir and Zeta Global ink 7-year deal, targeting $100M in annual revenue
• Neutral Sentiment: Several articles focused on whether Zeta’s valuation is still attractive after its strong multi-year run, suggesting some debate remains about how much of the good news is already priced in. Zeta Global (ZETA) Stock After 3-Year 139% Gain Is The Valuation Still Attractive
• Neutral Sentiment: Market coverage also noted mixed analyst target changes after Zeta’s platform reframing, indicating a more divided view on the stock’s near-term valuation. Zeta Global (ZETA) Stock Faces Mixed Analyst Target Changes After Platform Reframing

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.