Wall Street Zen Downgrades Zeta Global (NYSE:ZETA) to Hold

by · The Cerbat Gem

Zeta Global (NYSE:ZETA – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

ZETA has been the topic of a number of other reports. Truist Financial boosted their target price on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Citigroup started coverage on shares of Zeta Global in a report on Friday, November 21st. They issued a “buy” rating and a $26.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Get Our Latest Report on Zeta Global

Zeta Global Stock Up 3.3%

ZETA stock opened at $24.42 on Friday. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -203.50, a P/E/G ratio of 2.59 and a beta of 1.26. Zeta Global has a twelve month low of $10.69 and a twelve month high of $26.60. The business has a 50 day moving average price of $19.13 and a two-hundred day moving average price of $18.46. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the transaction, the director owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Greenvale Capital LLP raised its position in shares of Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after buying an additional 4,451,181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after acquiring an additional 5,567,201 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global in the 3rd quarter valued at $121,502,000. Capital World Investors lifted its position in shares of Zeta Global by 0.9% during the 3rd quarter. Capital World Investors now owns 4,979,853 shares of the company’s stock valued at $98,950,000 after acquiring an additional 44,903 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Zeta Global by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock worth $74,913,000 after purchasing an additional 174,972 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Company Profile

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Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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