Zeta Global (NYSE:ZETA) Trading Up 9.1% – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price rose 9.1% during trading on Monday . The stock traded as high as $21.00 and last traded at $20.8680. 4,213,964 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 8,760,122 shares. The stock had previously closed at $19.13.

Analysts Set New Price Targets

A number of research analysts have recently commented on ZETA shares. Bank of America raised their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Finally, Freedom Capital raised Zeta Global to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Trading Up 3.7%

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of -205.86, a P/E/G ratio of 3.07 and a beta of 1.37. The company has a fifty day simple moving average of $20.65 and a 200-day simple moving average of $18.79.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares of the company’s stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after purchasing an additional 1,325,717 shares in the last quarter. Register Financial Advisors LLC raised its holdings in shares of Zeta Global by 794.6% during the fourth quarter. Register Financial Advisors LLC now owns 107,350 shares of the company’s stock worth $2,185,000 after acquiring an additional 95,350 shares in the last quarter. Udine Wealth Management Inc. acquired a new stake in Zeta Global during the fourth quarter valued at $2,587,000. Annex Advisory Services LLC acquired a new stake in Zeta Global during the fourth quarter valued at $42,136,000. Finally, Fiduciary Alliance LLC grew its stake in Zeta Global by 56.4% in the fourth quarter. Fiduciary Alliance LLC now owns 196,121 shares of the company’s stock valued at $3,991,000 after purchasing an additional 70,696 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.