Zeta Global (NYSE:ZETA) Shares Gap Up – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up before the market opened 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ZETA shares. Oppenheimer increased their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research note on Thursday, January 16th. Truist Financial reaffirmed 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, November 12th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Finally, DA Davidson raised their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Stock Performance

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 stock has a market cap of $5.86 billion, a PE ratio of -35.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The business has a 50 day moving average price of $19.44 and a two-hundred day moving average price of $23.91.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its stake in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Zeta Global during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC raised its position in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Zeta Global in the 4th quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.