Zeta Global (NYSE:ZETA) Stock Price Up 2.1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) was up 2.1% on Wednesday . The company traded as high as $17.28 and last traded at $17.21. Approximately 1,257,363 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,138,035 shares. The stock had previously closed at $16.86.

Analysts Set New Price Targets

Several research firms recently issued reports on ZETA. Royal Bank of Canada cut their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Craig Hallum boosted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley upped their target price on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -24.31, a PEG ratio of 1.65 and a beta of 1.17. The company has a 50-day moving average price of $19.25 and a 200-day moving average price of $23.62.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares in the last quarter. Optiver Holding B.V. lifted its position in Zeta Global by 60.9% in 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 during the last quarter. Covestor Ltd boosted its stake in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Zeta Global during the fourth quarter worth about $27,000. Finally, Coppell Advisory Solutions LLC increased its position in shares of Zeta Global by 244.1% during 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. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.