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

Zeta Global Holdings Corp. (NYSE:ZETA) traded up 0.5% on Thursday . The stock traded as high as $14.65 and last traded at $14.45. 613,964 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,855,779 shares. The stock had previously closed at $14.38.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZETA. Royal Bank of Canada cut their target price 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. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Barclays cut their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Trading Down 0.2 %

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 stock has a market capitalization of $3.42 billion, a P/E ratio of -20.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock has a 50-day moving average price of $18.31 and a two-hundred day moving average price of $22.70.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in shares of Zeta Global by 16.6% during the fourth quarter. California State Teachers Retirement System now owns 179,383 shares of the company’s stock valued at $3,227,000 after buying an additional 25,556 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Zeta Global during the 4th quarter valued at approximately $212,000. Heck Capital Advisors LLC purchased a new position in shares of Zeta Global during the 4th quarter worth approximately $66,000. Mackenzie Financial Corp boosted its position in shares of Zeta Global by 294.3% during the fourth quarter. Mackenzie Financial Corp now owns 170,552 shares of the company’s stock valued at $3,068,000 after purchasing an additional 127,301 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Zeta Global in the fourth quarter worth $3,384,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.