Zeta Global (NYSE:ZETA) Shares Up 5.5% – Should You Buy?

by · The Cerbat Gem

Shares of Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) rose 5.5% during trading on Monday . The stock traded as high as $16.30 and last traded at $15.95. Approximately 2,847,352 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 5,948,700 shares. The stock had previously closed at $15.11.

Wall Street Analyst Weigh In

ZETA has been the subject of several research reports. B. Riley dropped their price target on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC lowered their target price on Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price target on Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Truist Financial lowered their price objective on Zeta Global from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group cut their target price on shares of Zeta Global from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.36.

Check Out Our Latest Stock Analysis on Zeta Global

Zeta Global Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. The company’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $15.88. The company has a market capitalization of $3.66 billion, a PE ratio of -53.58, a price-to-earnings-growth ratio of 33.26 and a beta of 1.25.

Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. grew 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 worth $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Zeta Global in the 4th quarter valued at about $27,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Zeta Global in the 1st quarter valued at about $27,000. Quarry LP grew its stake in Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after buying an additional 1,976 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased 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 buying an additional 1,201 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Company Profile

(Get Free Report)

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.

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