Zeta Global (NYSE:ZETA) Stock Price Up 1.3% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) rose 1.3% on Wednesday . The stock traded as high as $14.29 and last traded at $14.04. Approximately 559,862 shares changed hands during trading, a decline of 88% from the average daily volume of 4,847,464 shares. The stock had previously closed at $13.86.

Wall Street Analyst Weigh In

ZETA has been the subject of several research analyst reports. Barclays cut their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group restated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Stock Performance

The company has a market capitalization of $3.31 billion, a P/E ratio of -20.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm has a 50 day moving average price of $18.37 and a two-hundred day moving average price of $22.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently bought and sold shares of ZETA. FMR LLC grew its position in Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global during the 4th quarter worth approximately $51,042,000. Lord Abbett & CO. LLC grew its position in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Norges Bank bought a new stake in Zeta Global during the 4th quarter worth approximately $43,236,000. Finally, Renaissance Technologies LLC grew its position in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after acquiring an additional 2,345,562 shares during the last quarter. 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.