Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Update

Key Points

• Zeta Global Holdings Corp. saw a staggering increase in short interest, rising by 356,566.7% in July, totaling approximately 28.9 million shares shorted.
• The company's stock traded down by 4.1%, reaching $15.01, with a market cap of $3.54 billion and a PE ratio of -51.83.
• Investment analysts have downgraded Zeta Global's target prices, with the consensus rating now classified as a "Moderate Buy" and an average target price of $30.36.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 28,890,000 shares, anincreaseof356,566.7% from the June 30th total of 8,100 shares. Currently,15.5% of the company's stock are sold short. Based on an average trading volume of 7,120,000 shares, the short-interest ratio is presently 4.1 days. Based on an average trading volume of 7,120,000 shares, the short-interest ratio is presently 4.1 days. Currently,15.5% of the company's stock are sold short.

Zeta Global Price Performance

Shares of ZETA stock traded down $0.03 during midday trading on Tuesday, reaching $15.77. 4,338,900 shares of the company were exchanged, compared to its average volume of 6,416,970. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a market cap of $3.71 billion, a P/E ratio of -54.29, a PEG ratio of 56.26 and a beta of 1.28. The company's 50 day moving average price is $14.54 and its two-hundred day moving average price is $15.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. boosted its holdings 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 purchasing an additional 532 shares during the period. Summit Investment Advisors Inc. lifted its stake in Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after acquiring an additional 592 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Zeta Global by 1.3% in the second quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company's stock valued at $981,000 after acquiring an additional 804 shares during the last quarter. SlateStone Wealth LLC lifted its stake in Zeta Global by 5.8% in the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock valued at $233,000 after acquiring an additional 948 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Zeta Global by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 27,651 shares of the company's stock valued at $428,000 after acquiring an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Needham & Company LLC decreased their price objective on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. B. Riley reduced their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price target on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial reduced their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

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.