Zeta Global (NYSE:ZETA) Hits New 52-Week High – Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) hit a new 52-week high during trading on Thursday . The company traded as high as $34.38 and last traded at $34.32, with a volume of 3250811 shares. The stock had previously closed at $31.87.

Analyst Ratings Changes

A number of research analysts have weighed in on ZETA shares. KeyCorp initiated coverage on Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price target on the stock. B. Riley raised their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Bank of America upped their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Zeta Global presently has a consensus rating of “Buy” and an average target price of $35.69.

Zeta Global Trading Up 7.5 %

The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of -36.21 and a beta of 1.29. The business’s 50-day moving average price is $28.44 and its 200 day moving average price is $21.84. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the third quarter valued at about $26,000. Quest Partners LLC boosted its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd raised its holdings in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global during the 2nd quarter valued at $99,000. 75.82% 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.