Zeta Global (NYSE:ZETA) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $28.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday. Truist Financial restated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. DA Davidson increased their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday. Finally, Craig Hallum increased their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four investment 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.com, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $38.07.

Zeta Global Price Performance

ZETA opened at $17.62 on Wednesday. The stock has a 50-day moving average price of $19.42 and a 200-day moving average price of $23.82. Zeta Global has a 12-month low of $9.97 and a 12-month 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 $4.18 billion, a P/E ratio of -25.16, a PEG ratio of 1.65 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after purchasing an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after acquiring an additional 413,577 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after acquiring an additional 268,710 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Zeta Global in the 3rd quarter worth approximately $5,644,000. Finally, Qsemble Capital Management LP bought a new position in shares of Zeta Global in the 3rd quarter worth approximately $1,752,000. Institutional investors 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.