Zeta Global (NYSE:ZETA) Receives Buy Rating from B. Riley

B. Riley reiterated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Wednesday morning,Benzinga reports. B. Riley currently has a $44.00 price objective on the stock.

Several other analysts have also recently commented on the company. Canaccord Genuity Group raised their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a report on Wednesday. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Morgan Stanley reduced their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Craig Hallum lifted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four 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 stock. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and an average price target of $38.07.

Zeta Global Stock Down 14.5 %

ZETA opened at $17.62 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $23.82. The stock 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. Zeta Global has a 12 month low of $9.97 and a 12 month high of $38.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. FMR LLC raised its stake in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Zeta Global during the fourth quarter valued at approximately $51,042,000. Lord Abbett & CO. LLC raised its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Norges Bank acquired a new stake in Zeta Global during the fourth quarter valued at approximately $43,236,000. Finally, Renaissance Technologies LLC raised its stake in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

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.