Zeta Global (NYSE:ZETA) Stock Price Down 6.6% – Should You Sell?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) dropped 6.6% during mid-day trading on Thursday . The company traded as low as $21.50 and last traded at $21.58. Approximately 2,950,324 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 3,323,604 shares. The stock had previously closed at $23.11.

Analyst Upgrades and Downgrades

ZETA has been the topic of several research reports. Barclays upped their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. B. Riley lifted their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC raised their price objective on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Stock Down 4.1 %

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 company’s fifty day moving average price is $28.32 and its 200-day moving average price is $22.74. The stock has a market capitalization of $4.88 billion, a PE ratio of -30.83 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the business earned ($0.27) EPS. Zeta Global’s revenue was up 42.0% on a year-over-year basis. Analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the purchase, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by insiders.

Institutional Trading of Zeta Global

Hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the 3rd quarter worth approximately $26,000. Quest Partners LLC raised its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd grew 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 buying an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 75.82% 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.