Zeta Global (NYSE:ZETA) Stock Price Up 0% - What's Next?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was up 0% on Monday . The company traded as high as $14.29 and last traded at $13.99. Approximately 1,647,516 shares changed hands during trading, a decline of 66% from the average daily volume of 4,832,799 shares. The stock had previously closed at $13.98.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada cut their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. William Blair reissued an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Barclays reduced 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 report on Thursday, February 27th. Four research 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. Based on data from MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and an average price target of $36.86.

Zeta Global Stock Performance

The company has a market capitalization of $3.43 billion, a PE ratio of -20.63, a PEG ratio of 1.65 and a beta of 1.18. 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 company has a 50 day moving average of $18.37 and a two-hundred day moving average of $22.79.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZETA. FMR LLC raised its position in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after buying an additional 3,557,119 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global in the fourth quarter worth approximately $51,042,000. Lord Abbett & CO. LLC raised its holdings in shares of Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Norges Bank bought a new position in Zeta Global during the fourth quarter valued at approximately $43,236,000. Finally, Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 2,345,562 shares during the last quarter. Hedge funds and other institutional investors 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.