Zeta Global (NYSE:ZETA) Trading 5.5% Higher - Still a Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) traded up 5.5% during trading on Monday . The company traded as high as $16.30 and last traded at $15.95. 2,847,352 shares were traded during mid-day trading, a decline of 52% from the average session volume of 5,948,700 shares. The stock had previously closed at $15.11.

Analyst Ratings Changes

ZETA has been the subject of a number of analyst reports. 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 research report on Monday, May 5th. B. Riley cut their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson decreased their price target on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada dropped their price target on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley reduced their price objective on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Price Performance

The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -52.27, a PEG ratio of 34.09 and a beta of 1.29. 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 business has a 50-day moving average price of $13.63 and a two-hundred day moving average price of $15.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in Zeta Global during the 1st quarter valued at $38,748,000. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global during the 4th quarter worth $51,042,000. Norges Bank bought a new position in shares of Zeta Global in the fourth quarter worth $43,236,000. Finally, Renaissance Technologies LLC grew its stake in shares of Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after purchasing an additional 2,345,562 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.