Zeta Global (NYSE:ZETA) Shares Up 2.5% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares traded up 2.5% during trading on Wednesday . The stock traded as high as $14.42 and last traded at $14.38. 1,076,569 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 4,994,294 shares. The stock had previously closed at $14.03.

Analysts Set New Price Targets

ZETA has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lifted their price target 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 reissued a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Trading Up 4.3 %

The business has a 50 day moving average of $17.81 and a 200 day moving average of $22.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -20.90, a PEG ratio of 1.65 and a beta of 1.18.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. grew its holdings in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after buying an additional 268,710 shares during the period. Barclays PLC increased its position in shares of Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after buying an additional 112,238 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Zeta Global during the 4th quarter worth $2,444,000. Finally, State Street Corp lifted its holdings in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. 87.75% of the stock is owned by 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.