Zeta Global (NYSE:ZETA) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Zeta Global (NYSE:ZETA) in a report issued on Wednesday,Benzinga reports. The firm currently has a $43.00 price objective on the stock.

A number of other brokerages have also issued reports on ZETA. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. DA Davidson upped their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus target price of $38.07.

Zeta Global Stock Down 14.5 %

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

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Optiver Holding B.V. raised its stake in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Zeta Global during the fourth quarter valued at $27,000. Coppell Advisory Solutions LLC raised its stake in shares of Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global during the fourth quarter valued at $33,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Zeta Global during the fourth quarter valued at $33,000. Institutional investors 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.