Bank of America Boosts Zeta Global (NYSE:ZETA) Price Target to $30.00

Zeta Global (NYSE:ZETA) had its price target lifted by equities research analysts at Bank of America from $28.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 71.52% from the company’s previous close.

A number of other analysts have also recently commented on ZETA. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Citigroup assumed coverage on shares of Zeta Global in a research note on Friday. They set a “buy” rating and a $26.00 target price on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $23.00 price target on shares of Zeta Global in a report on Thursday, November 6th. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Zeta Global in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus target price of $26.73.

Zeta Global Trading Up 1.3%

NYSE:ZETA opened at $17.49 on Tuesday. Zeta Global has a one year low of $10.69 and a one year high of $27.79. The business has a fifty day moving average price of $19.12 and a 200-day moving average price of $17.04. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of -145.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN bought a new position in shares of Zeta Global during the third quarter worth $121,502,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after purchasing an additional 5,567,201 shares in the last quarter. Greenvale Capital LLP grew its position in shares of Zeta Global by 178.0% during the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares in the last quarter. Marshall Wace LLP boosted its stake in Zeta Global by 857.2% during the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares during the last quarter. Finally, Norges Bank purchased a new position in Zeta Global during the 2nd quarter valued at approximately $33,474,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.