Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) Target Price at $36.86

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are covering the firm, 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 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.64.

A number of research firms have recently issued reports on ZETA. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley boosted 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 report on Wednesday, February 26th. DA Davidson reduced their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday. Finally, B. Riley restated a "buy" rating and set a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th.

Institutional Trading of Zeta Global

Hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. acquired a new stake in Zeta Global during the 4th quarter worth approximately $51,042,000. Lord Abbett & CO. LLC raised its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Norges Bank purchased a new position in Zeta Global in the fourth quarter valued at $43,236,000. Renaissance Technologies LLC increased its holdings in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

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Zeta Global Price Performance

Shares of NYSE:ZETA traded up $0.07 during midday trading on Friday, hitting $11.98. The company's stock had a trading volume of 2,704,474 shares, compared to its average volume of 5,155,994. Zeta Global has a 12-month low of $10.93 and a 12-month high of $38.20. The company has a market cap of $2.85 billion, a P/E ratio of -17.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. 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 business's 50 day simple moving average is $16.47 and its 200 day simple moving average is $20.88.

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.