Zeta Global (NYSE:ZETA) Trading Down 1.5% – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price traded down 1.5% during mid-day trading on Thursday . The company traded as low as $14.42 and last traded at $14.89. 1,025,425 shares were traded during mid-day trading, a decline of 79% from the average session volume of 4,899,893 shares. The stock had previously closed at $15.11.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lifted their price objective on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Four 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. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Performance

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.51 billion, a P/E ratio of -21.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The business’s 50 day simple moving average is $18.19 and its two-hundred day simple moving average is $22.47.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after purchasing an additional 293,583 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Barclays PLC increased its holdings in Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after buying an additional 112,238 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in Zeta Global in the fourth quarter worth approximately $2,444,000. 87.75% of the stock is currently 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.