Zeta Global (NYSE:ZETA) Shares Up 0% – Should You Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) rose 0% during mid-day trading on Monday . The company traded as high as $14.29 and last traded at $13.99. Approximately 1,647,516 shares changed hands during trading, a decline of 66% from the average daily volume of 4,832,799 shares. The stock had previously closed at $13.98.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Morgan Stanley lifted their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group cut 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. Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Down 4.0 %

The company’s fifty day moving average price is $18.53 and its two-hundred day moving average price is $22.91. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -19.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Zeta Global in the 4th quarter valued at about $51,042,000. Lord Abbett & CO. LLC raised its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Norges Bank acquired a new position in shares of Zeta Global during the fourth quarter worth approximately $43,236,000. Finally, Renaissance Technologies LLC grew its stake in shares of Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. 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.