Zeta Global (NYSE:ZETA) Trading Down 6.1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETAGet Free Report) shares were down 6.1% during mid-day trading on Tuesday . The company traded as low as $13.54 and last traded at $13.59. Approximately 1,517,153 shares were traded during trading, a decline of 69% from the average daily volume of 4,837,251 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZETA shares. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $36.86.

Check Out Our Latest Stock Report on ZETA

Zeta Global Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a market capitalization of $3.42 billion, a P/E ratio of -20.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm has a 50-day moving average price of $18.45 and a 200 day moving average price of $22.85.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. lifted its holdings in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock worth $336,000 after buying an additional 592 shares during the period. Bleakley Financial Group LLC lifted its holdings in Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after buying an additional 636 shares during the period. HighTower Advisors LLC lifted its holdings in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after buying an additional 892 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after buying an additional 987 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

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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.

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