Zeta Global (NYSE:ZETA) Trading 2.5% Higher – Time to Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) traded up 2.5% on Wednesday . The company traded as high as $14.42 and last traded at $14.38. 1,076,569 shares were traded during trading, a decline of 78% from the average session volume of 4,994,294 shares. The stock had previously closed at $14.03.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several analyst reports. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Down 9.4 %

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 $3.13 billion, a PE ratio of -18.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company’s 50-day moving average price is $17.61 and its 200 day moving average price is $21.98.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares in the last quarter. Hodges Capital Management Inc. increased its position in Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares in the last quarter. Barclays PLC raised its stake in shares of Zeta Global by 36.4% in 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 during the period. Nordea Investment Management AB purchased a new position in shares of Zeta Global during the 4th quarter valued at about $2,444,000. Finally, State Street Corp grew its stake in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. 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.