Zeta Global (NYSE:ZETA) Trading 2.1% Higher – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shot up 2.1% during mid-day trading on Tuesday . The stock traded as high as $14.50 and last traded at $14.32. Approximately 2,068,317 shares were traded during trading, a decline of 67% from the average daily volume of 6,259,219 shares. The stock had previously closed at $14.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Craig Hallum upped their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four 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 company’s stock. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Up 2.2 %

The company has a 50 day moving average of $19.04 and a 200-day moving average of $23.39. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of -20.48, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. lifted its holdings in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC raised its stake in shares of Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the fourth quarter valued at $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in Zeta Global during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.