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

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 22,780,000 shares, a decline 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 shares of the company are sold short.

Wall Street Analyst Weigh In

ZETA has been the subject of several research reports. Barclays decreased their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. 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 note on Friday, January 3rd. Morgan Stanley increased their price target 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. Canaccord Genuity Group restated a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after acquiring an additional 268,710 shares during the last quarter. Barclays PLC lifted its position in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after acquiring an additional 112,238 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Zeta Global in the 4th quarter worth $2,444,000. Finally, State Street Corp raised its position in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

ZETA traded up $0.32 during trading on Wednesday, reaching $14.35. The stock had a trading volume of 2,382,322 shares, compared to its average volume of 4,999,162. Zeta Global has a 1-year low of $10.30 and a 1-year high of $38.20. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -20.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock has a 50 day moving average of $17.81 and a two-hundred day moving average of $22.10. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.