Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares shot up 1.3% on Wednesday . The company traded as high as $14.29 and last traded at $14.04. 559,862 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 4,847,464 shares. The stock had previously closed at $13.86.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ZETA. The Goldman Sachs Group decreased their target price on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays decreased 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. Morgan Stanley raised their target price on shares of Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, William Blair reissued an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.
Read Our Latest Report on Zeta Global
Zeta Global Trading Down 0.2 %
The company has a market cap of $3.42 billion, a PE ratio of -20.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $18.31 and a 200-day simple moving average of $22.68.
Institutional Trading of Zeta Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 worth $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zeta Global by 7.2% in the fourth 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 in the last quarter. Finally, State Street Corp grew its stake in shares of Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.
About Zeta Global
(
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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.
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