Zeta Global (NYSE:ZETA) Shares Gap Down – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $14.03, but opened at $13.57. Zeta Global shares last traded at $14.19, with a volume of 584,056 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on ZETA. Morgan Stanley lifted their price objective on shares of 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 reaffirmed a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. 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. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Stock Performance

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -20.69, a PEG ratio of 1.65 and a beta of 1.18. The stock’s 50 day moving average is $18.90 and its two-hundred day moving average is $23.25.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. raised its stake in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock valued at $336,000 after purchasing an additional 592 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Zeta Global by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after purchasing an additional 636 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after purchasing an additional 987 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.