Zeta Global (NYSE:ZETA) Shares Down 5.2% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) shares were down 5.2% during mid-day trading on Thursday . The stock traded as low as $13.63 and last traded at $13.79. Approximately 1,894,350 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 6,250,859 shares. The stock had previously closed at $14.54.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley boosted their target price 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. Barclays decreased their target price on 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. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Trading Up 1.5 %

The stock has a 50 day moving average of $18.70 and a 200-day moving average of $23.11. The company has a market capitalization of $3.30 billion, a P/E ratio of -19.87, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. grew its stake in shares of 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 period. Rakuten Securities Inc. bought a new position in shares of Zeta Global during the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC grew its stake in shares of Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after acquiring an additional 1,201 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global during the 4th quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global in the 4th quarter worth approximately $33,000. 87.75% of the stock is currently owned by institutional investors.

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.