Zeta Global (NYSE:ZETA) Price Target Cut to $34.00 by Analysts at Truist Financial

Zeta Global (NYSE:ZETA) had its price objective lowered by research analysts at Truist Financial from $42.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 196.74% from the stock’s previous close.

ZETA has been the subject of several other research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lifted their target price on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Barclays reduced their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a report on Monday. Finally, B. Riley reiterated a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $35.07.

Zeta Global Price Performance

Shares of ZETA traded down $0.52 during mid-day trading on Wednesday, hitting $11.46. 575,210 shares of the company traded hands, compared to its average volume of 5,863,997. The business has a 50-day moving average of $16.29 and a 200 day moving average of $20.82. Zeta Global has a one year low of $10.93 and a one year high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -16.35, a PEG ratio of 1.65 and a beta of 1.29.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. raised its stake in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after buying an additional 532 shares during the period. Rakuten Securities Inc. purchased a new position in Zeta Global during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC increased its stake in Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global in the 4th quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global during the 4th quarter valued at about $33,000. 87.75% of the stock is owned by hedge funds and other 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.