Zeta Global (NYSE:ZETA) Shares Gap Up – Still a Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Monday . The stock had previously closed at $20.73, but opened at $21.31. Zeta Global shares last traded at $20.54, with a volume of 2,445,419 shares trading hands.

Analyst Ratings Changes

Several analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Thursday, January 16th. Truist Financial restated a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Four 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Price Performance

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 firm has a fifty day moving average price of $19.45 and a two-hundred day moving average price of $23.90. The stock has a market capitalization of $5.19 billion, a P/E ratio of -31.20, a P/E/G ratio of 1.65 and a beta of 1.17.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently bought and sold shares of ZETA. FMR LLC increased its holdings 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global in the 4th quarter worth about $51,042,000. Lord Abbett & CO. LLC increased its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Norges Bank bought a new stake in Zeta Global in the 4th quarter worth about $43,236,000. Finally, Renaissance Technologies LLC grew its stake in shares of Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the period. 87.75% of the stock is currently owned by 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.