Zeta Global (NYSE:ZETA) Stock Price Down 3.6% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) shares fell 3.6% during trading on Thursday . The stock traded as low as $16.25 and last traded at $16.53. 1,262,300 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,111,976 shares. The stock had previously closed at $17.14.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZETA. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley upped their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Barclays decreased their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Down 7.5 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $23.58. The stock has a market cap of $3.77 billion, a PE ratio of -22.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its holdings in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global in the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC increased its holdings in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after buying an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the 4th quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Zeta Global in the 4th quarter valued at about $33,000. Hedge funds and other 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.