Zeta Global (NYSE:ZETA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Zeta Global (NYSE:ZETA) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Citigroup began coverage on Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 target price for the company. Finally, Bank of America boosted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Zeta Global Price Performance

Shares of ZETA opened at $15.49 on Friday. The firm has a 50-day simple moving average of $19.56 and a two-hundred day simple moving average of $19.16. The stock has a market cap of $3.73 billion, a PE ratio of -129.03, a P/E/G ratio of 1.59 and a beta of 1.26. Zeta Global has a 1-year low of $10.69 and a 1-year high of $26.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01.

Insiders Place Their Bets

In other news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.02% of the stock is currently owned by company insiders.

Institutional Trading of Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. New York State Common Retirement Fund boosted its stake in Zeta Global by 235.8% during the 3rd quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock worth $13,597,000 after purchasing an additional 480,495 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Zeta Global in the 3rd quarter valued at approximately $2,834,000. Stephens Investment Management Group LLC boosted its stake in shares of Zeta Global by 92.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock valued at $35,818,000 after buying an additional 867,540 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Zeta Global by 37.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock worth $19,330,000 after purchasing an additional 339,247 shares during the period. Finally, Perkins Capital Management Inc. acquired a new position in Zeta Global during the third quarter worth about $1,143,000. Institutional investors and hedge funds 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.