Zeta Global (NYSE:ZETA) Price Target Lowered to $18.00 at Barclays

Zeta Global (NYSE:ZETA - Free Report) had its price target trimmed by Barclays from $32.00 to $18.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on the company. Royal Bank of Canada dropped their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. KeyCorp cut shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Oppenheimer boosted 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of "Moderate Buy" and an average target price of $37.07.

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Zeta Global Price Performance

Shares of NYSE ZETA traded down $0.65 during midday trading on Thursday, reaching $16.56. The company's stock had a trading volume of 8,379,663 shares, compared to its average volume of 6,197,143. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $3.93 billion, a P/E ratio of -23.66, a P/E/G ratio of 1.65 and a beta of 1.17. The business's 50 day moving average price is $19.33 and its two-hundred day moving average price is $23.73. Zeta Global has a fifty-two week low of $9.97 and a fifty-two week high of $38.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Optiver Holding B.V. increased its position in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares during the period. Covestor Ltd raised its holdings in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $27,000. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.