Zeta Global (NYSE:ZETA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Zeta Global (NYSE:ZETA) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Freedom Capital raised shares of Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Bank of America increased their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Stock Up 4.4%

NYSE:ZETA opened at $22.55 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $5.62 billion, a PE ratio of -205.04, a PEG ratio of 3.19 and a beta of 1.39. Zeta Global has a 52-week low of $14.36 and a 52-week high of $25.95. The stock has a 50-day simple moving average of $20.92 and a 200 day simple moving average of $18.73.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.74% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Disciplined Growth Investors Inc. MN acquired a new position in shares of Zeta Global during the 3rd quarter worth about $121,502,000. Contour Asset Management LLC lifted its stake in Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the last quarter. Norges Bank acquired a new stake in Zeta Global in the 4th quarter valued at about $46,975,000. M&T Bank Corp grew its holdings in Zeta Global by 12,545.2% during the fourth quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after purchasing an additional 2,215,985 shares during the period. Finally, Annex Advisory Services LLC bought a new position in Zeta Global during the fourth quarter worth about $42,136,000. Institutional investors own 87.75% of the company’s stock.

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.