Zeta Global (NYSE:ZETA) Shares Down 3.6% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price traded down 3.6% during trading on Thursday . The stock traded as low as $16.25 and last traded at $16.53. 1,262,300 shares changed 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.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Barclays dropped their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Oppenheimer increased their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lowered their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Craig Hallum upped their price target on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Performance

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 stock has a market cap of $3.76 billion, a PE ratio of -22.65, a P/E/G ratio of 1.65 and a beta of 1.18. The firm’s 50-day moving average is $19.16 and its 200 day moving average is $23.52.

Institutional Trading of Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. US Bancorp DE raised its stake in shares of Zeta Global by 25.3% during the 3rd quarter. US Bancorp DE now owns 10,150 shares of the company’s stock worth $303,000 after buying an additional 2,047 shares in the last quarter. Farther Finance Advisors LLC raised its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Zeta Global by 512.3% in the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after acquiring an additional 113,838 shares during the period. Atria Investments Inc purchased a new stake in shares of Zeta Global during the 3rd quarter worth $358,000. Finally, Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 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.