Zeta Global (NYSE:ZETA) Trading Up 1.1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price was up 1.1% on Tuesday . The stock traded as high as $15.80 and last traded at $15.83. Approximately 1,350,199 shares traded hands during trading, a decline of 72% from the average daily volume of 4,891,208 shares. The stock had previously closed at $15.66.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley lifted their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Trading Up 0.2 %

The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $18.28 and a 200-day moving average of $22.59. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -22.39, a PEG ratio of 1.65 and a beta of 1.18.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. raised its position in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Zeta Global in the fourth quarter worth $27,000. Coppell Advisory Solutions LLC boosted its holdings in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Zeta Global during the 4th quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in Zeta Global during the fourth quarter valued at approximately $33,000. 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.