Truist Financial Cuts Zeta Global (NYSE:ZETA) Price Target to $34.00

Zeta Global (NYSE:ZETA) had its target price decreased by equities researchers at Truist Financial from $42.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 196.74% from the company’s current price.

Several other analysts have also recently commented on ZETA. Morgan Stanley boosted their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays decreased their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.07.

Zeta Global Stock Performance

ZETA traded down $0.52 on Wednesday, reaching $11.46. The stock had a trading volume of 575,210 shares, compared to its average volume of 5,863,997. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 12-month low of $10.93 and a 12-month high of $38.20. The business’s 50-day moving average price is $16.29 and its two-hundred day moving average price is $20.82. The company has a market cap of $2.72 billion, a P/E ratio of -16.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC lifted its stake in shares of Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares during the period. Barclays PLC raised its holdings in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after acquiring an additional 112,238 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Invst LLC bought a new stake in Zeta Global during the third quarter valued at about $959,000. Finally, Virtu Financial LLC bought a new position in shares of Zeta Global in the third quarter worth about $757,000. 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.