Zeta Global Holdings Corp. (NYSE:ZETA) Sees Significant Decrease in Short Interest

Zeta Global Holdings Corp. (NYSE:ZETA) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 22,780,000 shares, a decrease of 15.3% from the February 28th total of 26,890,000 shares. Based on an average daily volume of 6,200,000 shares, the short-interest ratio is presently 3.7 days. Approximately 12.4% of the company’s shares are short sold.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $13.58 on Tuesday. Zeta Global has a 12 month low of $10.30 and a 12 month high of $38.20. The firm has a market capitalization of $3.23 billion, a P/E ratio of -19.40, a P/E/G ratio of 1.65 and a beta of 1.18. 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 company’s fifty day moving average price is $17.90 and its 200 day moving average price is $22.19.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. raised its position in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of 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 buying an additional 592 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Zeta Global by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after buying an additional 636 shares during the period. HighTower Advisors LLC grew its holdings in shares of Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after buying an additional 892 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock valued at $1,155,000 after acquiring an additional 987 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ZETA. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley upped their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays decreased their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Four investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.86.

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.