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

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up before the market opened on Monday . The stock had previously closed at $20.73, but opened at $21.31. Zeta Global shares last traded at $20.54, with a volume of 2,445,419 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Craig Hallum increased their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley reduced their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Price Performance

The business’s 50-day moving average price is $19.46 and its 200 day moving average price is $23.86. 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 capitalization of $4.73 billion, a P/E ratio of -28.53, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZETA. Optiver Holding B.V. increased its holdings in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Zeta Global in the fourth quarter worth $27,000. Coppell Advisory Solutions LLC increased its stake in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global during the 4th quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global during the 4th quarter valued at about $33,000. 87.75% of the stock is currently 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.