Zeta Global (NYSE:ZETA) Trading Up 2.1% - Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares traded up 2.1% on Wednesday . The stock traded as high as $17.28 and last traded at $17.21. 1,257,363 shares were traded during trading, a decline of 80% from the average session volume of 6,138,035 shares. The stock had previously closed at $16.86.

Analysts Set New Price Targets

Several research firms recently weighed in on ZETA. Craig Hallum boosted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lifted their price objective on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Barclays decreased their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Finally, DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Four 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's stock. According to data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and a consensus price target of $36.86.

Zeta Global Stock Down 1.2 %

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 stock has a market capitalization of $3.76 billion, a PE ratio of -22.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company's 50-day moving average is $19.16 and its 200 day moving average is $23.52.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock valued at $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock worth $82,470,000 after acquiring an additional 306,592 shares during the period. Finally, State Street Corp raised its stake in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after purchasing an additional 455,944 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.