Wall Street Zen Upgrades Zeta Global (NYSE:ZETA) to Buy

Zeta Global (NYSE:ZETA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Zeta Global in a report on Thursday, November 6th. B. Riley boosted their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Bank of America increased their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Finally, DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Zeta Global in a research report on Monday, November 24th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $27.25.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.97 on Friday. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $26.60. The stock’s 50-day moving average is $18.38 and its two-hundred day moving average is $17.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $4.32 billion, a P/E ratio of -149.74 and a beta of 1.27.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the transaction, the director owned 57,850 shares of the company’s stock, valued at $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.02% of the stock is currently owned by insiders.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC increased its stake in Zeta Global by 37.3% in the second quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock valued at $19,330,000 after purchasing an additional 339,247 shares in the last quarter. Lisanti Capital Growth LLC grew its holdings in shares of Zeta Global by 142.8% in the 2nd quarter. Lisanti Capital Growth LLC now owns 149,080 shares of the company’s stock valued at $2,309,000 after buying an additional 87,680 shares during the period. Orion Capital Management LLC bought a new stake in shares of Zeta Global in the 2nd quarter valued at $276,000. Y Intercept Hong Kong Ltd raised its stake in Zeta Global by 127.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 98,881 shares of the company’s stock worth $1,532,000 after buying an additional 55,343 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Zeta Global by 1,751,700.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 17,518 shares of the company’s stock worth $271,000 after buying an additional 17,517 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.