Zeta Global (NYSE:ZETA) Shares Gap Up – Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $18.47, but opened at $19.52. Zeta Global shares last traded at $19.8480, with a volume of 4,448,091 shares trading hands.

Trending Headlines about Zeta Global

Here are the key news stories impacting Zeta Global this week:

• Positive Sentiment: Zeta’s new multi-year partnership with Palantir to develop a unified data and AI infrastructure for marketing has been described by analysts as strategically positive and a validation of Zeta’s AI pivot. Zeta’s partnership with Palantir ‘strategically positive’: Needham
• Positive Sentiment: Bank of America raised its price target on Zeta Global and reiterated a buy rating, signaling increased confidence in the company’s growth outlook and upside potential. Read More: Read More.
• Positive Sentiment: DA Davidson reaffirmed its buy rating on Zeta Global and set a higher price target, adding to the bullish analyst response following the Palantir deal. Read More: Read More., Read More.
• Positive Sentiment: Reports say the Palantir-Zeta agreement could be a 7-year deal targeting roughly $100 million in annual revenue, which would help support long-term growth expectations. Palantir and Zeta Global ink 7-year deal, targeting $100M in annual revenue
• Neutral Sentiment: Several articles focused on whether Zeta’s valuation is still attractive after its strong multi-year run, suggesting some debate remains about how much of the good news is already priced in. Zeta Global (ZETA) Stock After 3-Year 139% Gain Is The Valuation Still Attractive
• Neutral Sentiment: Market coverage also noted mixed analyst target changes after Zeta’s platform reframing, indicating a more divided view on the stock’s near-term valuation. Zeta Global (ZETA) Stock Faces Mixed Analyst Target Changes After Platform Reframing

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ZETA shares. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Royal Bank Of Canada increased their price objective on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. Finally, DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Zeta Global in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Zeta Global Stock Down 3.8%

The business has a fifty day moving average price of $19.01 and a two-hundred day moving average price of $18.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -170.60, a price-to-earnings-growth ratio of 2.88 and a beta of 1.34.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.74% of the stock is currently owned by corporate insiders.

Institutional Trading of Zeta Global

Several institutional investors and hedge funds have recently bought and sold shares of ZETA. Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after acquiring an additional 1,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Zeta Global by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after purchasing an additional 4,631 shares during the last quarter. Caxton Associates LLP acquired a new position in Zeta Global during the first quarter valued at $205,000. Woodline Partners LP acquired a new position in Zeta Global during the first quarter valued at $222,000. Finally, Strs Ohio purchased a new stake in Zeta Global in the first quarter valued at $117,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.