Zeta Global (NYSE:ZETA) Stock Price Down 10.4% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price fell 10.4% during mid-day trading on Monday . The company traded as low as $13.91 and last traded at $14.18. 3,595,040 shares traded hands during trading, a decline of 42% from the average session volume of 6,205,011 shares. The stock had previously closed at $15.82.

Analyst Upgrades and Downgrades

ZETA has been the subject of several research analyst reports. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Craig Hallum lifted their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada dropped their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Price Performance

The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $18.97 and its two-hundred day moving average price is $23.31. The stock has a market capitalization of $3.40 billion, a PE ratio of -20.45, a PEG ratio of 1.65 and a beta of 1.18.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in Zeta Global by 25.3% during the third quarter. US Bancorp DE now owns 10,150 shares of the company’s stock valued at $303,000 after acquiring an additional 2,047 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after purchasing an additional 113,838 shares during the period. Atria Investments Inc bought a new stake in shares of Zeta Global during the 3rd quarter valued at about $358,000. Finally, Covestor Ltd lifted its stake in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the period. 87.75% of the stock is owned by institutional investors.

Zeta Global Company Profile

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.