Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) saw unusually-high trading volume on Wednesday after Barclays raised their price target on the stock from $28.00 to $32.00. Barclays currently has an equal weight rating on the stock. Approximately 4,644,431 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 2,675,837 shares.The stock last traded at $26.78 and had previously closed at $28.22.

Several other equities analysts have also recently issued reports on the company. Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum lifted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley increased their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, DA Davidson lifted their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Juncture Wealth Strategies LLC lifted its position in Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after acquiring an additional 856 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the third quarter worth approximately $26,000. Amalgamated Bank raised its holdings in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Stock Down 2.1 %

The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.82 billion, a PE ratio of -24.84 and a beta of 1.29. The company’s fifty day moving average is $28.72 and its 200-day moving average is $22.44.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the business posted ($0.27) EPS. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

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.