Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) rose 1.1% on Tuesday . The stock traded as high as $15.80 and last traded at $15.83. Approximately 1,350,199 shares traded hands during trading, a decline of 72% from the average daily volume of 4,891,208 shares. The stock had previously closed at $15.66.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ZETA. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective 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. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. B. Riley restated a "buy" rating and issued a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Barclays cut 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 report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.86.
Get Our Latest Research Report on ZETA
Zeta Global Price Performance
The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50-day moving average price of $18.10 and a 200-day moving average price of $22.42. The firm has a market capitalization of $3.26 billion, a P/E ratio of -19.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.
Hedge Funds Weigh In On Zeta Global
Institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. lifted its holdings in 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 acquiring an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Zeta Global by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after purchasing an additional 592 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock valued at $254,000 after purchasing an additional 636 shares during the period. HighTower Advisors LLC increased its stake in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Zeta Global by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after buying an additional 987 shares during the period. Institutional investors and hedge funds 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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