Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume - Time to Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,042,694 shares were traded during trading, a decline of 58% from the previous session's volume of 2,466,677 shares.The stock last traded at $26.93 and had previously closed at $27.90.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. B. Riley lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. DA Davidson boosted their target price on shares of Zeta Global from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Oppenheimer lifted their price objective on Zeta Global from $20.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $36.00 target price on shares of Zeta Global in a report on Wednesday, October 9th. Finally, Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Zeta Global Stock Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $5.91 billion, a PE ratio of -30.55 and a beta of 1.27. The business's 50 day moving average is $27.63 and its two-hundred day moving average is $20.57.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business's revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned ($0.32) EPS. On average, equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.41 EPS for the current year.

Institutional Trading of Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock worth $143,647,000 after acquiring an additional 370,912 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock valued at $136,000 after purchasing an additional 1,065 shares in the last quarter. Register Financial Advisors LLC lifted its position in Zeta Global by 66.7% during the first quarter. Register Financial Advisors LLC now owns 28,000 shares of the company's stock valued at $306,000 after purchasing an additional 11,200 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Zeta Global by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company's stock worth $423,000 after buying an additional 3,295 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Zeta Global by 18.9% in the 1st quarter. Principal Financial Group Inc. now owns 18,894 shares of the company's stock worth $207,000 after buying an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 75.82% 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.