Short Interest in Zeta Global Holdings Corp. (NYSE:ZETA) Drops By 15.3%

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 22,780,000 shares, a decline of 15.3% from the February 28th total of 26,890,000 shares. Based on an average daily trading volume, of 6,200,000 shares, the short-interest ratio is currently 3.7 days. Currently, 12.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZETA. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays decreased their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective 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 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Trading Down 9.0 %

Shares of ZETA traded down $1.31 on Thursday, hitting $13.23. 4,251,662 shares of the stock traded hands, compared to its average volume of 5,017,234. The firm has a market capitalization of $3.15 billion, a P/E ratio of -19.02, a P/E/G 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. Zeta Global has a 1 year low of $10.46 and a 1 year high of $38.20. The stock’s 50 day moving average is $17.72 and its two-hundred day moving average is $22.05.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ZETA. JPMorgan Chase & Co. boosted its stake in Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after acquiring an additional 268,710 shares during the period. Barclays PLC boosted its position in shares of Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after acquiring an additional 112,238 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Zeta Global in the fourth quarter valued at approximately $2,444,000. Finally, State Street Corp grew its holdings in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after purchasing an additional 455,944 shares during the period. Hedge funds and other institutional investors 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.