Freedom Capital Upgrades Zeta Global (NYSE:ZETA) to “Strong-Buy”

Zeta Global (NYSE:ZETA) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on ZETA. Bank of America raised their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, April 28th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $19.72 on Monday. Zeta Global has a fifty-two week low of $13.74 and a fifty-two week high of $25.95. The company has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $18.56. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -179.25, a P/E/G ratio of 2.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

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 value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after acquiring an additional 1,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Zeta Global by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after purchasing an additional 4,631 shares during the period. Caxton Associates LLP purchased a new stake in Zeta Global during the 1st quarter valued at $205,000. Woodline Partners LP purchased a new stake in Zeta Global during the 1st quarter valued at $222,000. Finally, Strs Ohio bought a new position in shares of Zeta Global during the 1st quarter valued at $117,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

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.