Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) PT at $28.67

Zeta Global Holdings Corp. (NYSE:ZETA) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.6667.

Several analysts have commented on ZETA shares. DA Davidson raised their price objective on Zeta Global from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Morgan Stanley raised their price objective on Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Zacks Research raised Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Canaccord Genuity Group lifted their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st.

Institutional Trading of Zeta Global

Institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Zeta Global by 25.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,743 shares of the company’s stock worth $200,000 after buying an additional 2,948 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at $162,000. Vontobel Holding Ltd. raised its holdings in shares of Zeta Global by 4.9% in the 1st quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company’s stock valued at $520,000 after buying an additional 1,776 shares during the period. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Zeta Global in the 1st quarter valued at $4,053,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Zeta Global in the 1st quarter valued at $360,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Up 5.8%

Shares of ZETA opened at $18.00 on Thursday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20. The stock’s 50 day moving average is $19.48 and its two-hundred day moving average is $16.37. The firm has a market cap of $4.28 billion, a P/E ratio of -94.72 and a beta of 1.29.

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.