Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Update

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a large decline in short interest in the month of 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 days-to-cover ratio is presently 3.7 days. Approximately 12.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after purchasing an additional 2,623,980 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Zeta Global by 98.8% in 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 during the period. Geode Capital Management LLC boosted its stake in shares of Zeta Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after buying an additional 306,592 shares in the last quarter. Finally, State Street Corp grew 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 worth $124,900,000 after acquiring an additional 455,944 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded down $1.31 during trading on Thursday, reaching $13.23. The company had a trading volume of 4,251,662 shares, compared to its average volume of 5,017,234. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock’s fifty day moving average price is $17.72 and its 200 day moving average price is $22.05. Zeta Global has a fifty-two week low of $10.46 and a fifty-two week high of $38.20. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -19.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZETA shares. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price objective 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. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

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.