Zeta Global (NYSE:ZETA) Shares Up 2.1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) traded up 2.1% during trading on Wednesday . The stock traded as high as $17.28 and last traded at $17.21. 1,257,363 shares changed hands during trading, a decline of 80% from the average session volume of 6,138,035 shares. The stock had previously closed at $16.86.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of research reports. Barclays cut their price objective on shares of 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 restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, DA Davidson lifted their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Price Performance

The firm has a market cap of $4.04 billion, a price-to-earnings ratio of -24.31, a P/E/G ratio of 1.65 and a beta of 1.17. The stock’s fifty day moving average price is $19.25 and its 200-day moving average price is $23.62. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased 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 worth $398,975,000 after purchasing an additional 489,499 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares during the period. Renaissance Technologies LLC increased its position in shares of Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after acquiring an additional 2,345,562 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after acquiring an additional 306,592 shares during the period. Finally, State Street Corp lifted its holdings in shares of 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 acquiring an additional 455,944 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.