Zeta Global (NYSE:ZETA) Stock Price Up 0.5% – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price rose 0.5% during trading on Thursday . The stock traded as high as $14.65 and last traded at $14.45. Approximately 613,964 shares changed hands during trading, a decline of 87% from the average daily volume of 4,855,779 shares. The stock had previously closed at $14.38.

Analyst Ratings Changes

ZETA has been the subject of several research reports. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays decreased their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group lowered their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Price Performance

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of -20.50, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $22.85.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. Principal Financial Group Inc. lifted its holdings in shares of Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after acquiring an additional 113,838 shares during the period. Atria Investments Inc bought a new stake in Zeta Global in the 3rd quarter valued at about $358,000. Victory Capital Management Inc. grew its position in Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after purchasing an additional 47,849 shares during the period. Natixis Advisors LLC lifted its stake in Zeta Global by 15.9% during the 3rd quarter. Natixis Advisors LLC now owns 16,295 shares of the company’s stock valued at $486,000 after acquiring an additional 2,236 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth $266,000. Institutional investors and hedge funds 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.