Zeta Global (NYSE:ZETA) Shares Gap Up - What's Next?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $12.59, but opened at $14.00. Zeta Global shares last traded at $14.80, with a volume of 5,955,056 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZETA shares. Truist Financial cut their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC cut 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. Canaccord Genuity Group reduced their price objective on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Barclays cut their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Price Performance

The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average price is $13.01 and its 200-day moving average price is $16.33. The stock has a market capitalization of $3.33 billion, a PE ratio of -49.21, a PEG ratio of 27.71 and a beta of 1.25.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Vanguard Group Inc. boosted its holdings in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after purchasing an additional 489,499 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Zeta Global by 753.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock worth $85,513,000 after buying an additional 5,567,201 shares during the period. Renaissance Technologies LLC boosted its stake in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after buying an additional 2,345,562 shares during the period. Geode Capital Management LLC increased its position in Zeta Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock valued at $82,470,000 after acquiring an additional 306,592 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares during the period. 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.

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