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

Zeta Global Holdings Corp. (NYSE:ZETA) saw an uptick in 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 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.

ZETA has been the subject of a number of other reports. Needham & Company LLC raised their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price target on Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday. KeyCorp assumed coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global has an average rating of “Buy” and a consensus target price of $40.23.

Hedge Funds Weigh In On Zeta Global

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

Zeta Global Trading Down 37.2 %

The firm has a market capitalization of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29. The business’s 50 day moving average is $28.90 and its two-hundred day moving average is $22.48. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same quarter last year, the business posted ($0.27) earnings per share. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts expect 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.