Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Recommendation of “Moderate Buy” by Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.07.

Several equities research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research note on Wednesday. Craig Hallum lifted their price target on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZETA. Creative Planning bought a new position in Zeta Global during the 3rd quarter valued at approximately $696,000. Raymond James & Associates raised its position in Zeta Global by 35.5% during the 3rd quarter. Raymond James & Associates now owns 107,406 shares of the company’s stock valued at $3,204,000 after purchasing an additional 28,117 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Zeta Global by 27.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 28,409 shares of the company’s stock valued at $847,000 after purchasing an additional 6,101 shares during the last quarter. First Bank & Trust purchased a new position in shares of Zeta Global during the 3rd quarter worth approximately $304,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings in shares of Zeta Global by 142.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock worth $2,267,000 after acquiring an additional 44,596 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Up 3.5 %

Shares of ZETA stock opened at $17.24 on Friday. 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 business has a 50-day moving average price of $19.33 and a two-hundred day moving average price of $23.73. Zeta Global has a 12-month low of $9.97 and a 12-month high of $38.20. The firm has a market cap of $4.09 billion, a P/E ratio of -24.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Zeta Global Company Profile

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.