Zeta Global (NYSE:ZETA) Trading 2.1% Higher – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price shot up 2.1% during trading on Tuesday . The company traded as high as $14.50 and last traded at $14.32. 2,068,317 shares changed hands during trading, a decline of 67% from the average session volume of 6,259,219 shares. The stock had previously closed at $14.03.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZETA shares. The Goldman Sachs Group lowered their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group reissued a “buy” rating and set a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Price Performance

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 firm has a market capitalization of $3.40 billion, a PE ratio of -20.48, a PEG ratio of 1.65 and a beta of 1.18. The stock has a 50-day moving average price of $19.04 and a 200 day moving average price of $23.39.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Optiver Holding B.V. increased its stake in Zeta Global by 60.9% during 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 in the last quarter. Covestor Ltd increased its stake in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Zeta Global during the fourth quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions LLC lifted its position in shares of 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 in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.