Zeta Global (NYSE:ZETA) Trading 1.3% Higher – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price traded up 1.3% during trading on Wednesday . The company traded as high as $14.29 and last traded at $14.04. 559,862 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,847,464 shares. The stock had previously closed at $13.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZETA shares. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley upped their price objective on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Barclays decreased their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Performance

The company has a market cap of $3.40 billion, a P/E ratio of -20.44, a P/E/G ratio of 1.65 and a beta of 1.18. 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 business has a 50-day moving average of $18.53 and a two-hundred day moving average of $22.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZETA. Optiver Holding B.V. increased its holdings in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Zeta Global in the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC boosted 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 purchasing an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global during the 4th quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $33,000. 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.