Zeta Global (NYSE:ZETA) Stock Price Up 1.7% – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) shot up 1.7% on Tuesday . The company traded as high as $13.77 and last traded at $13.80. 523,248 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 5,880,840 shares. The stock had previously closed at $13.56.

Analysts Set New Price Targets

ZETA has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Morgan Stanley upped their target price on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Up 3.8 %

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 company has a market cap of $3.46 billion, a P/E ratio of -20.81, a P/E/G ratio of 1.65 and a beta of 1.18. The stock has a 50 day moving average price of $17.72 and a 200 day moving average price of $22.05.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in Zeta Global during the fourth quarter worth approximately $6,614,000. California State Teachers Retirement System grew its holdings in shares of Zeta Global by 16.6% in the 4th quarter. California State Teachers Retirement System now owns 179,383 shares of the company’s stock worth $3,227,000 after acquiring an additional 25,556 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Zeta Global during the fourth quarter worth $212,000. Heck Capital Advisors LLC purchased a new stake in shares of Zeta Global during the fourth quarter valued at $66,000. Finally, Mackenzie Financial Corp boosted its position in shares of Zeta Global by 294.3% in the 4th 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 during the period. 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.