Zeta Global (NYSE:ZETA) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Zeta Global (NYSE:ZETA) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts have also recently commented on ZETA. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Tuesday, April 28th. Royal Bank Of Canada lifted their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Finally, Bank of America increased their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Stock Performance

Shares of ZETA stock opened at $21.60 on Friday. Zeta Global has a 12 month low of $14.36 and a 12 month high of $25.95. The company’s fifty day simple moving average is $20.84 and its 200-day simple moving average is $18.78. The firm has a market cap of $5.39 billion, a PE ratio of -196.40, a P/E/G ratio of 3.19 and a beta of 1.37. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

A number of hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of Zeta Global by 21.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,800 shares of the company’s stock worth $1,354,000 after acquiring an additional 12,100 shares during the last quarter. Evanson Financial LLC bought a new position in Zeta Global during the second quarter worth $602,000. Central Pacific Bank Trust Division increased its holdings in shares of Zeta Global by 6.1% in the second quarter. Central Pacific Bank Trust Division now owns 28,913 shares of the company’s stock valued at $569,000 after purchasing an additional 1,670 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of Zeta Global by 60.6% in the second quarter. Moody National Bank Trust Division now owns 126,430 shares of the company’s stock valued at $2,488,000 after purchasing an additional 47,705 shares during the period. Finally, Rathbones Group PLC bought a new position in shares of Zeta Global in the first quarter valued at about $171,000. 87.75% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

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.