Zeta Global (NYSE:ZETA) Stock Price Up 6% – Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) traded up 6% on Monday . The company traded as high as $22.64 and last traded at $22.77. 2,519,111 shares changed hands during trading, a decline of 72% from the average daily volume of 8,877,227 shares. The stock had previously closed at $21.49.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research report on Tuesday, April 28th. Bank of America raised their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Freedom Capital raised shares of Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Price Performance

The stock has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $18.75. 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 $5.53 billion, a price-to-earnings ratio of -201.59, a PEG ratio of 3.18 and a beta of 1.37.

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.74% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in shares of Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,260 shares during the last quarter. DV Equities LLC purchased a new stake in Zeta Global during the 4th quarter worth approximately $29,000. Binnacle Investments Inc acquired a new position in Zeta Global during the 3rd quarter valued at approximately $30,000. United Community Bank acquired a new position in Zeta Global during the 4th quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after buying an additional 1,406 shares during the last quarter. Institutional investors and hedge funds 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.