Zeta Global (NYSE:ZETA) Receives “Outperform” Rating from William Blair

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating restated by research analysts at William Blair in a research note issued to investors on Wednesday,RTT News reports.

Other equities research analysts also recently issued research reports about the company. Craig Hallum increased their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group raised their target price on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer raised their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a report on Wednesday. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and an average price target of $38.07.

Zeta Global Stock Performance

Zeta Global stock traded down $2.09 during midday trading on Wednesday, reaching $18.51. 13,288,519 shares of the company’s stock were exchanged, compared to its average volume of 5,608,649. 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 52 week low of $9.97 and a 52 week high of $38.20. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -26.45, a P/E/G ratio of 1.65 and a beta of 1.17. The stock’s 50-day simple moving average is $19.46 and its 200 day simple moving average is $23.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZETA. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Zeta Global in the fourth quarter worth $51,042,000. Lord Abbett & CO. LLC increased its holdings in shares of Zeta Global by 85.0% in the 3rd 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 during the last quarter. Norges Bank purchased a new stake in Zeta Global in the fourth quarter valued at $43,236,000. Finally, Renaissance Technologies LLC grew its position 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 last quarter. 87.75% of the stock is currently owned by institutional investors.

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.