Zeta Global (NYSE:ZETA) Price Target Cut to $34.00 by Analysts at Truist Financial

Zeta Global (NYSE:ZETA - Get Free Report) had its price objective cut by stock analysts at Truist Financial from $42.00 to $34.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 196.74% from the company's previous close.

Other research analysts have also issued reports about the stock. B. Riley restated a "buy" rating and set a $44.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. 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 research note on Friday, January 3rd. DA Davidson reduced their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group restated a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Morgan Stanley upped their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.36.

Zeta Global Stock Up 1.0 %

ZETA stock traded up $0.11 during mid-day trading on Wednesday, reaching $11.46. The company had a trading volume of 2,333,939 shares, compared to its average volume of 5,203,784. Zeta Global has a 52 week low of $10.93 and a 52 week high of $38.20. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $20.50.

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. lifted its stake in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Zeta Global in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC boosted its stake in shares of Zeta Global by 244.1% during the fourth 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 period. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global in the fourth quarter worth $33,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Zeta Global during the 4th quarter valued at $33,000. 87.75% of the stock is currently owned by institutional investors.

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.