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

Zeta Global (NYSE:ZETA) had its price objective hoisted by Morgan Stanley from $23.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also recently weighed in on ZETA. Barclays upped their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday. Canaccord Genuity Group increased their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Truist Financial reiterated a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.07.

Zeta Global Stock Performance

ZETA opened at $17.62 on Wednesday. The stock has a market cap of $4.18 billion, a P/E ratio of -25.16, a P/E/G ratio of 1.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock’s 50 day simple moving average is $19.42 and its 200 day simple moving average is $23.82. Zeta Global has a 1-year low of $9.97 and a 1-year high of $38.20.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. raised its position in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Zeta Global in the 4th quarter worth $27,000. Coppell Advisory Solutions LLC raised its position in shares of 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 buying an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global in the 4th quarter worth $33,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global in the 4th quarter worth $33,000. Institutional investors and hedge funds 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.