Zeta Global (NYSE:ZETA) Earns Buy Rating from B. Riley

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a report released on Wednesday,Benzinga reports. They presently have a $44.00 target price on the stock. B. Riley’s target price points to a potential upside of 132.06% from the stock’s previous close.

ZETA has been the subject of a number of other research reports. Oppenheimer increased their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Craig Hallum increased their price target on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Wednesday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average price target of $37.93.

Zeta Global Price Performance

Zeta Global stock traded down $1.64 during mid-day trading on Wednesday, hitting $18.96. 5,138,159 shares of the company were exchanged, compared to its average volume of 5,387,357. The company has a market capitalization of $4.50 billion, a PE ratio of -27.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The business has a fifty day moving average of $19.46 and a 200 day moving average of $23.86. Zeta Global has a 1-year low of $9.97 and a 1-year high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Farther Finance Advisors LLC increased its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. Optiver Holding B.V. boosted 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 purchasing an additional 532 shares during the last quarter. Covestor Ltd boosted its stake in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Zeta Global during the 4th quarter worth approximately $27,000. Finally, Coppell Advisory Solutions LLC raised 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 worth $31,000 after buying an additional 1,201 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

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.