Zeta Global’s (ZETA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Zeta Global (NYSE:ZETA) in a research note released on Wednesday morning,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Canaccord Genuity Group boosted their target price on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Morgan Stanley boosted their target price on shares of Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Needham & Company LLC boosted their target price on shares of Zeta Global from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.54.

Zeta Global Price Performance

NYSE:ZETA opened at $18.43 on Wednesday. The company has a 50-day moving average of $19.48 and a 200-day moving average of $15.75. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -97.01 and a beta of 1.29. Zeta Global has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Toth Financial Advisory Corp acquired a new stake in Zeta Global during the 3rd quarter worth approximately $864,000. Moody National Bank Trust Division boosted its position in Zeta Global by 50.5% during the 3rd quarter. Moody National Bank Trust Division now owns 83,942 shares of the company’s stock worth $1,668,000 after buying an additional 28,184 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Zeta Global during the 3rd quarter worth approximately $73,000. Nomura Holdings Inc. lifted its position in shares of Zeta Global by 6.0% in the 2nd quarter. Nomura Holdings Inc. now owns 162,424 shares of the company’s stock worth $2,516,000 after purchasing an additional 9,123 shares during the period. Finally, Castleark Management LLC acquired a new position in shares of Zeta Global in the 2nd quarter worth approximately $791,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

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.