Zeta Global (NYSE:ZETA) Shares Gap Up – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up before the market opened on Tuesday . The stock had previously closed at $23.49, but opened at $24.71. Zeta Global shares last traded at $25.82, with a volume of 3,050,841 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer increased their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Thursday, January 16th. 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. Barclays upped their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Trading Down 2.7 %

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 cap of $5.33 billion, a PE ratio of -32.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The business has a 50-day simple moving average of $19.47 and a 200-day simple moving average of $23.90.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. boosted its stake in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. purchased a new position in Zeta Global in the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC grew its stake 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 worth $31,000 after acquiring an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the fourth quarter worth $33,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the fourth quarter valued at $33,000. 87.75% of the stock is 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.