Royal Bank of Canada Raises Zeta Global (NYSE:ZETA) Price Target to $37.00

Zeta Global (NYSE:ZETA) had its price target upped by Royal Bank of Canada from $33.00 to $37.00 in a research report sent to investors on Monday. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Craig Hallum boosted their target price on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, September 27th. DA Davidson raised their price target on Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $35.92.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $36.77 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The business’s 50 day simple moving average is $28.99 and its two-hundred day simple moving average is $22.40. The stock has a market capitalization of $8.09 billion, a P/E ratio of -41.78 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZETA. Harbour Capital Advisors LLC purchased a new position in Zeta Global during the third quarter valued at $769,000. Riggs Asset Managment Co. Inc. raised its position in shares of Zeta Global by 142.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after purchasing an additional 44,596 shares during the period. Stephens Inc. AR purchased a new position in shares of Zeta Global in the third quarter valued at about $1,634,000. Stephens Investment Management Group LLC bought a new position in shares of Zeta Global in the third quarter worth about $7,676,000. Finally, Russell Investments Group Ltd. grew its position in shares of Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.