Zeta Global (NYSE:ZETA) Sees Strong Trading Volume – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) saw strong trading volume on Monday . 1,042,694 shares were traded during trading, a decline of 58% from the previous session’s volume of 2,466,677 shares.The stock last traded at $26.93 and had previously closed at $27.90.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ZETA shares. Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Craig Hallum boosted their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Canaccord Genuity Group raised their price target on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, KeyCorp began coverage on shares of Zeta Global in a report on Tuesday. They set an “overweight” rating and a $40.00 price objective for the company. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.38.

Zeta Global Price Performance

The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.78 billion, a P/E ratio of -24.91 and a beta of 1.27. The firm has a 50 day moving average price of $27.63 and a 200 day moving average price of $20.57.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The firm had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. On average, analysts forecast that Zeta Global Holdings Corp. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global during the third quarter worth about $26,000. Quest Partners LLC boosted its stake in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the period. CWM LLC raised its position in shares of Zeta Global by 1,682.3% during the third quarter. CWM LLC now owns 5,240 shares of the company’s stock valued at $156,000 after buying an additional 4,946 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global in the second quarter worth $99,000. Finally, Amalgamated Bank boosted its position in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares during the last quarter. 75.82% of the stock is owned by institutional investors.

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.