Barclays Lowers Zeta Global (NYSE:ZETA) Price Target to $18.00

Zeta Global (NYSE:ZETA) had its price target lowered by analysts at Barclays from $32.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 2.19% from the stock’s current price.

Several other equities analysts have also issued reports on ZETA. Oppenheimer upped their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a report on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.07.

Zeta Global Stock Down 14.5 %

Zeta Global stock opened at $17.62 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a market cap of $4.18 billion, a PE ratio of -25.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. Zeta Global has a fifty-two week low of $9.97 and a fifty-two week high of $38.20. The firm’s 50-day simple moving average is $19.42 and its 200 day simple moving average is $23.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the period. Renaissance Technologies LLC lifted its holdings in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after purchasing an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC boosted its stake in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after purchasing an additional 306,592 shares during the period. Finally, State Street Corp grew its holdings in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after buying an additional 455,944 shares in the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.