Zeta Global (NYSE:ZETA) Reaches New 1-Year Low – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $10.93 and last traded at $11.07, with a volume of 822199 shares traded. The stock had previously closed at $12.10.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ZETA shares. Morgan Stanley boosted their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Stock Down 1.5 %

The company has a market cap of $2.83 billion, a P/E ratio of -17.06, a PEG ratio of 1.65 and a beta of 1.29. The stock has a 50-day moving average of $17.48 and a 200 day moving average of $21.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Zeta Global by 14.0% during the third quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after purchasing an additional 15,342 shares during the last quarter. HighTower Advisors LLC grew its position in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after acquiring an additional 892 shares during the last quarter. State Street Corp lifted its holdings in shares of Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Zeta Global in the 3rd quarter valued at approximately $734,000. Finally, Barclays PLC grew its holdings in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares during the last quarter. 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.