Zeta Global (NYSE:ZETA) Raised to Strong-Buy at Freedom Capital

Zeta Global (NYSE:ZETA) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently commented on ZETA. DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of Zeta Global in a research report on Wednesday, June 24th. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Bank of America lifted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada upped their target price on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Price Performance

NYSE ZETA opened at $19.72 on Monday. Zeta Global has a 12 month low of $13.74 and a 12 month high of $25.95. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -179.25, a PEG ratio of 2.92 and a beta of 1.34. The company’s 50 day moving average is $19.16 and its two-hundred day moving average is $18.56. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the sale, the director owned 50,350 shares of the company’s stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of ZETA. Rathbones Group PLC bought a new stake in shares of Zeta Global in the 1st quarter worth about $171,000. NewEdge Advisors LLC increased its stake in Zeta Global by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,216 shares of the company’s stock worth $529,000 after acquiring an additional 10,348 shares during the last quarter. Essential Partners LLC increased its stake in Zeta Global by 30.9% during the first quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after acquiring an additional 630 shares during the last quarter. Bank of America Corp DE raised its position in Zeta Global by 47.7% during the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock valued at $61,351,000 after purchasing an additional 1,244,057 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Zeta Global by 14.4% during the first quarter. Arkadios Wealth Advisors now owns 15,416 shares of the company’s stock valued at $245,000 after purchasing an additional 1,946 shares during the period. 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.