Zeta Global (NYSE:ZETA) Shares Gap Up – Still a Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Tuesday . The stock had previously closed at $23.49, but opened at $24.71. Zeta Global shares last traded at $25.82, with a volume of 3,050,841 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZETA shares. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price target for the company. DA Davidson boosted their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Stock Performance

The firm has a market capitalization of $5.86 billion, a PE ratio of -35.28, a P/E/G ratio of 1.54 and a beta of 1.17. 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 simple moving average is $19.44 and its 200 day simple moving average is $23.91.

Institutional Trading of Zeta Global

A number of institutional investors have recently modified their holdings of ZETA. Vanguard Group Inc. boosted its stake in 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. Lord Abbett & CO. LLC boosted its position in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the period. Renaissance Technologies LLC grew 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 valued at $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC increased its holdings in Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after acquiring an additional 306,592 shares during the period. Finally, State Street Corp increased its holdings in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 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.