Zeta Global (NYSE:ZETA) Shares Gap Up - Here's Why

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) 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.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Morgan Stanley decreased their price objective on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. DA Davidson lifted their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada decreased their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.43.

Zeta Global Trading Down 7.7 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -29.59, a PEG ratio of 1.70 and a beta of 1.17. The business has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $23.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after buying an additional 1,360 shares during the period. Optiver Holding B.V. boosted its position in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after buying an additional 532 shares during the period. Covestor Ltd boosted its position in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after buying an additional 1,451 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Zeta Global during the fourth quarter worth about $27,000. Finally, Coppell Advisory Solutions LLC boosted its position in shares of 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 buying an additional 1,201 shares during the period. 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.