Zeta Global (NYSE:ZETA) Price Target Lowered to $18.00 at Barclays

Zeta Global (NYSE:ZETA) had its price target cut by Barclays from $32.00 to $18.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently issued reports on the company. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. 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 report on Friday, January 3rd. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday. Finally, B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research note on Wednesday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.07.

Zeta Global Stock Down 6.3 %

Zeta Global stock opened at $16.65 on Thursday. The company has a market capitalization of $3.95 billion, a P/E ratio of -23.78, a P/E/G ratio of 1.65 and a beta of 1.17. Zeta Global has a 1-year low of $9.97 and a 1-year high of $38.20. The firm’s fifty day simple moving average is $19.38 and its 200-day simple moving average is $23.77. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. JPMorgan Chase & Co. grew its holdings in shares of Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after purchasing an additional 413,577 shares during the period. Hodges Capital Management Inc. boosted its stake in Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares in the last quarter. Empowered Funds LLC bought a new stake in Zeta Global in the 3rd quarter valued at $5,644,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Zeta Global in the 3rd quarter valued at $1,752,000. 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.