Zeta Global Holdings Corp. (NYSE:ZETA) Receives $28.00 Average Target Price from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.00.

ZETA has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. UBS Group set a $29.00 price target on Zeta Global in a research report on Tuesday, November 25th. Finally, Bank of America boosted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th.

Insiders Place Their Bets

In other news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares in the company, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 13.02% of the company’s stock.

Institutional Trading of Zeta Global

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake in shares of Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after acquiring an additional 560 shares in the last quarter. Palouse Capital Management Inc. lifted its holdings in shares of Zeta Global by 6.1% during the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock valued at $167,000 after purchasing an additional 619 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Zeta Global by 15.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock valued at $82,000 after purchasing an additional 702 shares during the period. D.A. Davidson & CO. boosted its position in shares of Zeta Global by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock valued at $1,321,000 after purchasing an additional 799 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Zeta Global by 6.5% in the 3rd quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after purchasing an additional 874 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $16.91 on Friday. Zeta Global has a 12-month low of $10.69 and a 12-month high of $26.60. The company has a market cap of $4.07 billion, a PE ratio of -140.90, a P/E/G ratio of 1.74 and a beta of 1.26. The stock has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $19.16. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29.

About Zeta Global

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.