Zeta Global (NYSE:ZETA) Stock Price Up 2.1% - What's Next?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price rose 2.1% during trading on Tuesday . The stock traded as high as $14.50 and last traded at $14.32. Approximately 2,068,317 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 6,259,219 shares. The stock had previously closed at $14.03.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. B. Riley reiterated a "buy" rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. 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 report on Tuesday, March 4th. Morgan Stanley boosted their target price on shares of Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, Barclays lowered their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.86.

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Zeta Global Trading Up 3.6 %

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 business has a 50 day simple moving average of $18.80 and a two-hundred day simple moving average of $23.18. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -20.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Institutional Trading of Zeta Global

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