Zeta Global (NYSE:ZETA) Trading Down 2.7% – What’s Next?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) fell 2.7% on Friday . The company traded as low as $14.01 and last traded at $13.98. 893,582 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,910,825 shares. The stock had previously closed at $14.37.

Analyst Ratings Changes

ZETA has been the topic 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. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group decreased their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Barclays dropped their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Down 4.4 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $3.27 billion, a P/E ratio of -19.63, a PEG ratio of 1.65 and a beta of 1.18. The firm’s 50-day simple moving average is $18.00 and its 200 day simple moving average is $22.31.

Institutional Trading of Zeta Global

Hedge funds have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Zeta Global in the 4th quarter valued at about $51,042,000. Lord Abbett & CO. LLC increased its position in shares of Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Norges Bank bought a new stake in Zeta Global during the fourth quarter worth $43,236,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.