Zeta Global (NYSE:ZETA) Sees Strong Trading Volume - Still a Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 9,044,101 shares changed hands during mid-day trading, an increase of 62% from the previous session's volume of 5,577,561 shares.The stock last traded at $16.94 and had previously closed at $14.18.

Wall Street Analyst Weigh In

ZETA has been the topic of several research analyst reports. 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 report on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC dropped their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Stock Performance

The stock has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $16.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -52.89, a P/E/G ratio of 33.06 and a beta of 1.25.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of ZETA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock valued at $85,513,000 after purchasing an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new position in shares of Zeta Global in the 1st quarter valued at $38,748,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Zeta Global in the 4th quarter valued at $51,042,000. Norges Bank bought a new position in shares of Zeta Global in the 4th quarter valued at $43,236,000. Finally, Renaissance Technologies LLC increased its stake in shares of Zeta Global by 98.8% in 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 last quarter. Institutional investors own 87.75% of the company's stock.

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.