Zeta Global (NASDAQ:ZETA) Now Covered by Analysts at Credit Suisse Group

Credit Suisse Group began coverage on shares of Zeta Global (NASDAQ:ZETAGet Rating) in a research report released on Monday, The Fly reports. The brokerage issued a neutral rating on the stock.

Separately, Morgan Stanley raised their target price on Zeta Global from $7.00 to $9.00 and gave the stock an equal weight rating in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $12.10.

Zeta Global Stock Performance

ZETA opened at $8.21 on Monday. Zeta Global has a 12-month low of $4.09 and a 12-month high of $13.46. The firm has a market capitalization of $1.70 billion, a P/E ratio of -4.08 and a beta of 1.73. The stock’s 50 day moving average price is $7.49 and its two-hundred day moving average price is $6.79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.69.

Insider Activity

In other Zeta Global news, Director Robert H. Niehaus sold 27,257 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $9.01, for a total value of $245,585.57. Following the sale, the director now owns 16,594,634 shares of the company’s stock, valued at approximately $149,517,652.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zeta Global news, Director Robert H. Niehaus sold 56,690 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $8.04, for a total transaction of $455,787.60. Following the sale, the director now owns 16,851,466 shares of the company’s stock, valued at approximately $135,485,786.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert H. Niehaus sold 27,257 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $9.01, for a total transaction of $245,585.57. Following the sale, the director now directly owns 16,594,634 shares in the company, valued at approximately $149,517,652.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,483 shares of company stock valued at $2,121,459. 46.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citigroup Inc. purchased a new position in shares of Zeta Global during the 1st quarter valued at $27,000. Point72 Hong Kong Ltd grew its position in Zeta Global by 626.8% in the third quarter. Point72 Hong Kong Ltd now owns 4,455 shares of the company’s stock worth $29,000 after acquiring an additional 3,842 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Zeta Global in the third quarter worth $46,000. Legal & General Group Plc bought a new stake in Zeta Global in the second quarter worth $39,000. Finally, OneAscent Financial Services LLC bought a new stake in Zeta Global in the third quarter worth $67,000. 29.02% of the stock is currently owned by hedge funds and other institutional investors.

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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