William Blair Reiterates “Outperform” Rating for Zeta Global (NYSE:ZETA)

William Blair reissued their outperform rating on shares of Zeta Global (NYSE:ZETA) in a research report released on Wednesday morning,RTT News reports.

A number of other research firms also recently weighed in on ZETA. B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday. Oppenheimer raised their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Craig Hallum raised their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Truist Financial reissued a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $38.07.

Zeta Global Trading Down 14.5 %

ZETA opened at $17.62 on Wednesday. The firm has a market capitalization of $4.18 billion, a P/E ratio of -25.16, a P/E/G ratio of 1.65 and a beta of 1.17. The firm’s 50 day moving average is $19.42 and its 200-day moving average is $23.82. Zeta Global has a 52-week low of $9.97 and a 52-week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after acquiring an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after acquiring an additional 413,577 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after acquiring an additional 268,710 shares during the period. Empowered Funds LLC acquired a new position in shares of Zeta Global during the third quarter valued at $5,644,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Zeta Global during the third quarter valued at $1,752,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.