Zeta Global (NYSE:ZETA) Trading Up 1.9% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price traded up 1.9% during trading on Monday . The stock traded as high as $18.32 and last traded at $17.53. 2,945,907 shares were traded during mid-day trading, a decline of 51% from the average session volume of 6,050,438 shares. The stock had previously closed at $17.21.

Analysts Set New Price Targets

Several research firms have weighed in on ZETA. DA Davidson lifted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays lowered their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley increased their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group began coverage on Zeta Global in a research note on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Truist Financial reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. 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. Based on data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $37.07.

Zeta Global Price Performance

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 has a market capitalization of $3.93 billion, a P/E ratio of -23.66, a PEG ratio of 1.65 and a beta of 1.17. The stock’s fifty day moving average is $19.33 and its 200-day moving average is $23.73.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in ZETA. Optiver Holding B.V. grew its position in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global in the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC grew its position in 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. bought a new position in Zeta Global during the fourth quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global during the fourth quarter valued at about $33,000. 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.