Zeta Global (NYSE:ZETA) Upgraded to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Zeta Global (NYSE:ZETA) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, April 28th. Royal Bank Of Canada raised their price target on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group set a $28.00 price target on shares of Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Finally, Bank of America upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Price Performance

Shares of ZETA stock opened at $19.72 on Monday. The business has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $18.56. The company has a market cap of $4.91 billion, a P/E ratio of -179.25, a P/E/G ratio of 2.92 and a beta of 1.34. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global has a twelve month low of $13.74 and a twelve month high of $25.95.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its position in Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after buying an additional 560 shares during the period. Verus Capital Partners LLC grew its holdings in Zeta Global by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after acquiring an additional 600 shares during the last quarter. Essential Partners LLC grew its holdings in Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after acquiring an additional 630 shares during the last quarter. SlateStone Wealth LLC raised its stake in shares of Zeta Global by 3.9% during the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after acquiring an additional 750 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Zeta Global by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after acquiring an additional 793 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.