Zeta Global (NYSE:ZETA) Stock Price Down 5.2% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) fell 5.2% during mid-day trading on Thursday . The company traded as low as $13.63 and last traded at $13.79. 1,894,350 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 6,250,859 shares. The stock had previously closed at $14.54.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZETA. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada cut their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Four equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Stock Down 5.9 %

The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -19.64, a price-to-earnings-growth 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 stock has a 50 day moving average price of $18.90 and a 200 day moving average price of $23.25.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in ZETA. US Bancorp DE lifted its position 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 worth $303,000 after purchasing an additional 2,047 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing 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 purchasing an additional 113,838 shares during the period. Atria Investments Inc bought a new stake in Zeta Global in the third quarter worth approximately $358,000. Finally, Covestor Ltd lifted its position 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 valued at $45,000 after acquiring 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.