Zeta Global (NYSE:ZETA) Shares Up 1.9% – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price shot up 1.9% during mid-day trading on Monday . The company traded as high as $18.32 and last traded at $17.53. 2,945,907 shares were traded during trading, a decline of 51% from the average session volume of 6,050,438 shares. The stock had previously closed at $17.21.

Analysts Set New Price Targets

A number of equities analysts have commented on ZETA shares. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $37.07.

Zeta Global Stock Performance

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -23.66, a P/E/G ratio of 1.65 and a beta of 1.17. The stock has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $23.73.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global during the fourth quarter valued at approximately $51,042,000. Lord Abbett & CO. LLC increased its stake in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Norges Bank bought a new stake in Zeta Global in the fourth quarter valued at approximately $43,236,000. Finally, Renaissance Technologies LLC raised its holdings in Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the period. Institutional investors and hedge funds 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.