Zeta Global (NYSE:ZETA) Shares Up 1.7% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price rose 1.7% during trading on Tuesday . The company traded as high as $13.77 and last traded at $13.80. Approximately 523,248 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 5,880,840 shares. The stock had previously closed at $13.56.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ZETA shares. 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 report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays decreased their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Performance

The firm’s 50-day moving average price is $17.72 and its 200 day moving average price is $22.05. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -20.81, a PEG 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its holdings in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Zeta Global during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC grew its holdings 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 buying an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Zeta Global in the 4th quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in Zeta Global in the 4th quarter valued at approximately $33,000. 87.75% of the stock is currently 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.