Zeta Global (NYSE:ZETA) Trading 4.5% Higher – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares traded up 4.5% during trading on Monday . The stock traded as high as $15.18 and last traded at $15.09. 1,000,040 shares were traded during mid-day trading, a decline of 79% from the average session volume of 4,876,351 shares. The stock had previously closed at $14.43.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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 report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Four equities 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Trading Up 7.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market cap of $3.69 billion, a P/E ratio of -22.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock has a fifty day simple moving average of $18.31 and a 200 day simple moving average of $22.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. boosted its holdings in Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock worth $336,000 after buying an additional 592 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Zeta Global by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after acquiring an additional 636 shares during the period. HighTower Advisors LLC lifted its holdings in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after acquiring an additional 892 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Zeta Global by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after purchasing an additional 987 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.