Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) has received an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.33.
A number of analysts have recently weighed in on ZETA shares. Credit Suisse Group started coverage on Zeta Global in a research note on Monday, November 21st. They issued a "neutral" rating and a $9.00 target price for the company. B. Riley started coverage on Zeta Global in a research note on Friday, December 9th. They issued a "buy" rating and a $13.00 target price for the company. Finally, Morgan Stanley raised their target price on Zeta Global from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Monday, December 19th.
Get Zeta Global alerts:Zeta Global Stock Up 0.5 %
Shares of ZETA stock opened at $8.17 on Tuesday. Zeta Global has a one year low of $4.09 and a one year high of $13.46. The stock has a market cap of $1.69 billion, a P/E ratio of -4.06 and a beta of 1.57. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a fifty day moving average price of $8.41 and a 200 day moving average price of $6.98.
Insider Buying and Selling
In other Zeta Global news, Director Robert H. Niehaus sold 129,843 shares of the company's stock in a transaction on Monday, December 12th. The stock was sold at an average price of $9.22, for a total value of $1,197,152.46. Following the transaction, the director now directly owns 16,436,673 shares of the company's stock, valued at approximately $151,546,125.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zeta Global news, Director Robert H. Niehaus sold 175,536 shares of the company's stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $8.09, for a total value of $1,420,086.24. Following the completion of the transaction, the director now owns 16,621,891 shares of the company's stock, valued at approximately $134,471,098.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert H. Niehaus sold 129,843 shares of the company's stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $9.22, for a total value of $1,197,152.46. Following the completion of the transaction, the director now directly owns 16,436,673 shares of the company's stock, valued at approximately $151,546,125.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 468,698 shares of company stock valued at $4,037,741. 46.61% of the stock is owned by insiders.Institutional Investors Weigh In On Zeta Global
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Zeta Global by 326.5% in the first quarter. Vanguard Group Inc. now owns 8,223,574 shares of the company's stock worth $104,850,000 after acquiring an additional 6,295,574 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Zeta Global by 275.1% in the third quarter. BlackRock Inc. now owns 7,128,030 shares of the company's stock valued at $47,117,000 after purchasing an additional 5,227,902 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Zeta Global by 4,656.1% in the third quarter. Nuveen Asset Management LLC now owns 2,096,771 shares of the company's stock valued at $13,860,000 after purchasing an additional 2,052,685 shares in the last quarter. State Street Corp lifted its holdings in Zeta Global by 234.4% during the third quarter. State Street Corp now owns 2,292,399 shares of the company's stock worth $15,153,000 after acquiring an additional 1,606,812 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Zeta Global by 739.0% during the second quarter. Renaissance Technologies LLC now owns 770,500 shares of the company's stock worth $3,483,000 after acquiring an additional 678,667 shares during the period. Institutional investors and hedge funds own 35.21% of the company's stock.
About Zeta Global
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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. Its 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.
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