Zeta Global (NYSE:ZETA) Trading Down 2.4% – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares were down 2.4% on Friday . The company traded as low as $15.52 and last traded at $15.67. Approximately 1,677,278 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 6,145,049 shares. The stock had previously closed at $16.05.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZETA shares. 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. Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Barclays lowered their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Finally, Craig Hallum lifted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Four investment 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’s stock. Based on data from MarketBeat, 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 debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company’s 50-day moving average is $19.12 and its 200-day moving average is $23.46. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -22.65, a PEG ratio of 1.65 and a beta of 1.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Zeta Global by 25.3% in the 3rd quarter. US Bancorp DE now owns 10,150 shares of the company’s stock valued at $303,000 after purchasing an additional 2,047 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 buying an additional 1,360 shares in the last quarter. Principal Financial Group Inc. grew its stake in Zeta Global by 512.3% during the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after buying an additional 113,838 shares during the period. Atria Investments Inc purchased a new position in shares of Zeta Global in the 3rd quarter valued at $358,000. Finally, Covestor Ltd raised 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 valued at $45,000 after acquiring an additional 1,451 shares during the period. 87.75% of the stock is owned by hedge funds and other 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.