Zeta Global Holdings Corp. (NYSE:ZETA) Receives $27.25 Consensus Target Price from Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.25.

ZETA has been the subject of several research reports. Morgan Stanley raised their target price on Zeta Global from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Citigroup initiated coverage on Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective for the company. Truist Financial increased their target price on Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. B. Riley boosted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday.

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares in the company, valued at approximately $1,118,819. The trade was a 18.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its holdings in Zeta Global by 2,000.0% during the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after buying an additional 1,600 shares in the last quarter. Quarry LP boosted its holdings in Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after acquiring an additional 1,976 shares during the last quarter. Binnacle Investments Inc bought a new stake in shares of Zeta Global in the 3rd quarter worth $30,000. National Bank of Canada FI grew its stake in shares of Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Zeta Global by 124.9% in the third quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,023 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Up 0.1%

Shares of NYSE ZETA opened at $18.33 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.41 billion, a PE ratio of -152.76 and a beta of 1.27. The company’s fifty day simple moving average is $18.35 and its 200 day simple moving average is $17.75. Zeta Global has a 12-month low of $10.69 and a 12-month high of $26.60.

About Zeta Global

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.