Zeta Global (NYSE:ZETA) Sees Strong Trading Volume After Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) shares saw strong 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. 4,644,431 shares were traded during 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.

A number of other equities analysts have also recently issued reports on ZETA. Roth Mkm increased their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada upped their target price on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial restated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Zeta Global by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after buying an additional 3,295 shares in the last quarter. Swiss National Bank boosted its stake in Zeta Global by 1.3% during the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after buying an additional 4,000 shares during the period. Russell Investments Group Ltd. grew its position in Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after buying an additional 276,294 shares in the last quarter. ProShare Advisors LLC increased its stake in Zeta Global by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after acquiring an additional 2,236 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Zeta Global in the 1st quarter valued at about $153,000. 75.82% of the stock is owned by institutional investors.

Zeta Global Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50-day moving average price of $28.72 and a 200-day moving average price of $22.44. The stock has a market cap of $3.82 billion, a P/E ratio of -24.84 and a beta of 1.29.

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

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.