Zeta Global (NYSE:ZETA) Stock Price Up 0% – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price rose 0% during mid-day trading on Monday . The stock traded as high as $14.29 and last traded at $13.99. Approximately 1,647,516 shares traded hands during trading, a decline of 66% from the average daily volume of 4,832,799 shares. The stock had previously closed at $13.98.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several recent research reports. Barclays decreased their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Stock Performance

The business has a 50 day moving average of $18.70 and a 200 day moving average of $23.07. The company has a market capitalization of $3.44 billion, a P/E ratio of -20.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC lifted its stake in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Zeta Global during the 4th quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global during the 4th quarter worth approximately $33,000. 87.75% of the stock is owned by 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.