Zeta Global (NYSE:ZETA) Stock Price Down 1% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price traded down 1% during mid-day trading on Friday . The company traded as low as $13.83 and last traded at $14.28. 813,519 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 4,857,675 shares. The stock had previously closed at $14.42.

Wall Street Analyst Weigh In

ZETA has been the topic of several research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley boosted 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. Finally, Royal Bank of Canada dropped their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Down 0.7 %

The firm has a market cap of $3.40 billion, a PE ratio of -20.46, a P/E/G ratio of 1.65 and a beta of 1.18. 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 firm’s 50 day moving average is $18.37 and its 200-day moving average is $22.79.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. JPMorgan Chase & Co. lifted its position in Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after acquiring an additional 268,710 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after acquiring an additional 413,577 shares during the period. Qsemble Capital Management LP acquired a new stake in shares of Zeta Global in the third quarter worth approximately $1,752,000. Finally, Barclays PLC grew its holdings in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares during the period. Institutional investors and hedge funds 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.