Zeta Global (NYSE:ZETA) Sees Strong Trading Volume Following Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) shares saw unusually-strong trading volume on Wednesday after Morgan Stanley raised their price target on the stock from $23.00 to $25.00. Morgan Stanley currently has an equal weight rating on the stock. Approximately 6,926,280 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 5,408,734 shares.The stock last traded at $18.08 and had previously closed at $20.60.

A number of other equities analysts have also commented on ZETA. Oppenheimer boosted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group started coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Canaccord Genuity Group boosted their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research report on Wednesday. Finally, Craig Hallum boosted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.07.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of 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 buying an additional 532 shares during the last quarter. Covestor Ltd raised its stake in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global during the fourth quarter worth approximately $27,000. Finally, Coppell Advisory Solutions LLC raised its stake 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 buying an additional 1,201 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

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 firm has a market capitalization of $4.18 billion, a P/E ratio of -25.16, a P/E/G ratio of 1.65 and a beta of 1.17. The stock’s 50 day moving average is $19.42 and its two-hundred day moving average is $23.82.

About Zeta Global

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.