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

by · The Cerbat Gem

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

ZETA has been the topic of a number of other research reports. Bank of America increased their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the stock a “neutral” rating in a report on Wednesday, June 24th. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Zeta Global in a research report on Wednesday, June 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. Finally, Royal Bank Of Canada raised their price target on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Get Our Latest Report on Zeta Global

Zeta Global Trading Up 0.0%

Shares of Zeta Global stock opened at $21.60 on Friday. Zeta Global has a 1 year low of $14.36 and a 1 year high of $25.95. The firm has a market cap of $5.39 billion, a PE ratio of -196.40, a PEG ratio of 3.19 and a beta of 1.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company has a 50 day simple moving average of $20.84 and a two-hundred day simple moving average of $18.74.

Insider Activity at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.74% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in ZETA. Cornerstone Planning Group LLC raised its position in Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $29,000. Binnacle Investments Inc purchased a new stake in Zeta Global during the third quarter valued at about $30,000. United Community Bank bought a new position in shares of Zeta Global during the fourth quarter valued at about $31,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Zeta Global by 204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after buying an additional 1,406 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

(Get Free Report)

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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