Zeta Global (NYSE:ZETA) Stock Price Up 1.1% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) traded up 1.1% on Tuesday . The stock traded as high as $15.80 and last traded at $15.83. 1,350,199 shares traded hands during trading, a decline of 72% from the average session volume of 4,891,208 shares. The stock had previously closed at $15.66.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several recent analyst reports. Barclays dropped their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley upped their target price on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on shares of 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 restated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -22.39, a PEG ratio of 1.65 and a beta of 1.18. The firm’s 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $22.59.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in ZETA. JPMorgan Chase & Co. boosted its holdings in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after buying an additional 293,583 shares during the period. Hodges Capital Management Inc. raised its stake in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after purchasing an additional 268,710 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after purchasing an additional 413,577 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Zeta Global during the third quarter worth about $1,752,000. Finally, Barclays PLC grew its holdings in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after buying an additional 112,238 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.