Zeta Global (NYSE:ZETA) Price Target Raised to $25.00 at Morgan Stanley

Zeta Global (NYSE:ZETA) had its price objective hoisted by research analysts at Morgan Stanley from $23.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 33.73% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reduced their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $38.07.

Zeta Global Price Performance

ZETA traded down $1.91 during trading on Wednesday, reaching $18.69. The company’s stock had a trading volume of 11,816,494 shares, compared to its average volume of 5,580,955. The firm has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $23.86. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -26.73, a PEG ratio of 1.65 and a beta of 1.17. Zeta Global has a 1 year low of $9.97 and a 1 year high of $38.20.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Optiver Holding B.V. increased its holdings in Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock valued at $336,000 after buying an additional 592 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Zeta Global by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after buying an additional 636 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after acquiring an additional 892 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock valued at $1,155,000 after acquiring an additional 987 shares in the last quarter. Hedge funds and other 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.