Zeta Global (NYSE:ZETA) Trading 6.2% Higher – Here’s What Happened

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) were up 6.2% during trading on Friday . The stock traded as high as $18.77 and last traded at $18.92. Approximately 4,068,365 shares traded hands during trading, a decline of 41% from the average daily volume of 6,946,479 shares. The stock had previously closed at $17.81.

Analyst Ratings Changes

ZETA has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Bank of America lifted their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Needham & Company LLC lowered their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Zeta Global Price Performance

The stock has a market capitalization of $4.49 billion, a P/E ratio of -100.42 and a beta of 1.28. The business has a fifty day simple moving average of $15.46 and a 200-day simple moving average of $15.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of Zeta Global by 111.6% in the 4th quarter. Cerity Partners LLC now owns 17,417 shares of the company’s stock worth $313,000 after purchasing an additional 9,186 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Zeta Global by 26.0% in the 4th quarter. Legal & General Group Plc now owns 203,164 shares of the company’s stock worth $3,655,000 after purchasing an additional 41,866 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock worth $336,000 after purchasing an additional 592 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Zeta Global in the 4th quarter worth $197,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Zeta Global by 1,314.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 178,200 shares of the company’s stock worth $3,206,000 after purchasing an additional 165,600 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

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.