Zeta Global (NYSE:ZETA) Price Target Lowered to $15.00 at Morgan Stanley

Zeta Global (NYSE:ZETA - Free Report) had its price objective trimmed by Morgan Stanley from $25.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also recently commented on ZETA. Canaccord Genuity Group reissued a "buy" rating and set a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Needham & Company LLC reiterated a "buy" rating and set a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays cut their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Finally, B. Riley reiterated a "buy" rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Four research 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 stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.36.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $0.11 on Wednesday, reaching $11.46. 2,333,939 shares of the stock were exchanged, compared to its average volume of 5,217,728. The firm's 50 day moving average is $15.71 and its 200-day moving average is $20.44. The firm has a market cap of $2.72 billion, a PE ratio of -16.37, a P/E/G 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. Zeta Global has a one year low of $10.93 and a one year high of $38.20.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after acquiring an additional 892 shares during the period. Barclays PLC boosted its position in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock valued at $127,302,000 after buying an additional 674,192 shares during the period. Invst LLC bought a new stake in Zeta Global in the 3rd quarter valued at about $959,000. Finally, Virtu Financial LLC bought a new position in Zeta Global in the third quarter worth approximately $757,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.