Zeta Global (NYSE:ZETA) Trading Up 1.7% - Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s stock price shot up 1.7% on Tuesday . The stock traded as high as $13.77 and last traded at $13.80. 523,248 shares were traded during trading, a decline of 91% from the average session volume of 5,880,840 shares. The stock had previously closed at $13.56.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered their price target on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley restated a "buy" rating and issued a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Four research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.86.

Zeta Global Trading Down 9.4 %

The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -18.82, a P/E/G ratio of 1.65 and a beta of 1.18. 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 business has a fifty day moving average price of $17.72 and a 200 day moving average price of $22.05.

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Hedge Funds Weigh In On Zeta Global

Large investors have recently modified their holdings of the company. Optiver Holding B.V. increased its position in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Zeta Global during the fourth quarter worth approximately $27,000. Coppell Advisory Solutions LLC raised its stake in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after acquiring an additional 1,201 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Zeta Global during the 4th quarter valued at $33,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Zeta Global during the 4th quarter worth $33,000. 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.