Zeta Global (NYSE:ZETA) Shares Up 4.5% – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) was up 4.5% on Monday . The company traded as high as $15.18 and last traded at $15.09. Approximately 1,000,040 shares were traded during trading, a decline of 79% from the average daily volume of 4,876,351 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZETA. Barclays decreased their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Up 0.3 %

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 company’s 50 day moving average is $18.25 and its 200 day moving average is $22.52. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 1.65 and a beta of 1.18.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZETA. Vanguard Group Inc. grew its position in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after buying an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Zeta Global by 85.0% during 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 during the period. Renaissance Technologies LLC boosted its stake in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC lifted its stake in Zeta Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after purchasing an additional 306,592 shares during the period. Finally, State Street Corp boosted its holdings in Zeta Global by 12.2% during 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 in the last quarter. 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.