Zeta Global (NYSE:ZETA) Given New $34.00 Price Target at Truist Financial

Zeta Global (NYSE:ZETA) had its price objective trimmed by Truist Financial from $42.00 to $34.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on ZETA. Royal Bank of Canada lowered their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.36.

Zeta Global Stock Down 5.5 %

Zeta Global stock opened at $11.32 on Wednesday. Zeta Global has a 52 week low of $10.93 and a 52 week high of $38.20. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -16.17, a PEG ratio of 1.65 and a beta of 1.29. The company’s 50-day moving average price is $16.09 and its two-hundred day moving average price is $20.75. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after buying an additional 268,710 shares during the period. Barclays PLC grew its holdings in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after acquiring an additional 112,238 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Zeta Global in the fourth quarter worth $2,444,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Zeta Global by 273.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company’s stock worth $1,399,000 after acquiring an additional 56,910 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.