Zeta Global (NYSE:ZETA) Given New $30.00 Price Target at Bank of America

Zeta Global (NYSE:ZETA) had its price target raised by Bank of America from $28.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

ZETA has been the topic of a number of other research reports. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 price objective on shares of Zeta Global in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Citigroup started coverage on Zeta Global in a research report on Friday. They issued a “buy” rating and a $26.00 target price for the company. Finally, Morgan Stanley lifted their price target on Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.04 on Tuesday. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -150.33 and a beta of 1.27. The stock has a fifty day moving average of $19.08 and a 200 day moving average of $17.07. Zeta Global has a 52 week low of $10.69 and a 52 week high of $27.79. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN purchased a new position in Zeta Global during the third quarter valued at $121,502,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Zeta Global by 753.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock valued at $85,513,000 after acquiring an additional 5,567,201 shares in the last quarter. Greenvale Capital LLP raised its position in shares of Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after purchasing an additional 4,451,181 shares during the last quarter. Marshall Wace LLP raised its position in shares of Zeta Global by 857.2% in the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock worth $41,503,000 after purchasing an additional 2,399,408 shares during the last quarter. Finally, Norges Bank bought a new position in Zeta Global in the 2nd quarter worth about $33,474,000. 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.