Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Down 15.3% in March

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 22,780,000 shares, a decrease of 15.3% from the February 28th total of 26,890,000 shares. Approximately 12.4% of the shares of the company are short sold. Based on an average trading volume of 6,200,000 shares, the short-interest ratio is presently 3.7 days.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. lifted its holdings in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Zeta Global during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC lifted its stake in Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after purchasing an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global in the 4th quarter worth about $33,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Zeta Global during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

Shares of ZETA traded up $0.54 during trading hours on Wednesday, reaching $14.57. 3,694,413 shares of the company's stock traded hands, compared to its average volume of 5,004,116. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm's 50 day simple moving average is $17.81 and its 200-day simple moving average is $22.10. The stock has a market cap of $3.46 billion, a PE ratio of -20.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. Zeta Global has a 12 month low of $10.30 and a 12 month high of $38.20.

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Analyst Ratings Changes

ZETA has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. 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. Needham & Company LLC reissued a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley reaffirmed a "buy" rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average target price of $36.86.

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.