Zeta Global (NYSE:ZETA) Shares Gap Up – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped up prior to trading on Monday . The stock had previously closed at $20.73, but opened at $21.31. Zeta Global shares last traded at $20.54, with a volume of 2,445,419 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on ZETA shares. Canaccord Genuity Group increased their target price on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Oppenheimer raised their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Finally, KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Stock Down 3.2 %

The company has a 50 day moving average price of $19.46 and a 200-day moving average price of $23.86. The stock has a market capitalization of $4.73 billion, a PE ratio of -28.53, a PEG ratio of 1.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global during the 4th quarter valued at approximately $51,042,000. Lord Abbett & CO. LLC grew its holdings in shares of 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 acquiring an additional 2,623,980 shares during the period. Norges Bank bought a new position in shares of Zeta Global in the 4th quarter worth approximately $43,236,000. Finally, Renaissance Technologies LLC raised its position 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 worth $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. 87.75% of the stock is currently 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.