Zeta Global (NYSE:ZETA) Trading Up 1.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Barclays reduced 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. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Four investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Price Performance

The firm has a market capitalization of $3.45 billion, a P/E ratio of -21.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. 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 business has a 50 day simple moving average of $18.19 and a two-hundred day simple moving average of $22.47.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after buying an additional 489,499 shares in the last quarter. 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 acquiring an additional 2,623,980 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC lifted its position in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after buying an additional 306,592 shares during the last quarter. Finally, State Street Corp lifted its position in Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the last quarter. 87.75% of the stock is currently owned by 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.