Morgan Stanley Increases Zeta Global (NYSE:ZETA) Price Target to $25.00

Zeta Global (NYSE:ZETA) had its price target boosted by Morgan Stanley from $23.00 to $25.00 in a research report released on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts have also commented on ZETA. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Craig Hallum raised their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays raised their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.07.

Zeta Global Trading Down 14.5 %

NYSE:ZETA opened at $17.62 on Wednesday. The business’s 50-day moving average is $19.42 and its two-hundred day moving average is $23.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a 12 month low of $9.97 and a 12 month high of $38.20. The firm has a market capitalization of $4.18 billion, a PE ratio of -25.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Optiver Holding B.V. grew its stake in Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Covestor Ltd grew its stake in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Zeta Global in the fourth quarter worth about $27,000. Finally, Coppell Advisory Solutions LLC grew its stake in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.