Zeta Global (NYSE:ZETA) Shares Gap Down - What's Next?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $30.00, but opened at $28.87. Zeta Global shares last traded at $28.93, with a volume of 1,068,597 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer upped their target price on Zeta Global from $20.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Barclays lowered Zeta Global from an "overweight" rating to an "equal weight" rating and set a $28.00 target price for the company. in a report on Friday. Royal Bank of Canada restated an "outperform" rating and set a $34.00 target price on shares of Zeta Global in a report on Wednesday, October 9th. Truist Financial restated a "buy" rating and set a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Finally, Canaccord Genuity Group upped their target price on Zeta Global from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Zeta Global Price Performance

The company has a market cap of $6.11 billion, a PE ratio of -26.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50 day moving average of $27.55 and a 200-day moving average of $20.32.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). The firm had revenue of $227.80 million during the quarter, compared to analysts' expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business's revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) EPS. Equities analysts predict that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC grew its position in shares of Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company's stock valued at $633,000 after acquiring an additional 634 shares during the period. Essex Investment Management Co. LLC grew its position in shares of Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company's stock valued at $9,137,000 after acquiring an additional 856 shares during the period. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the 3rd quarter valued at about $26,000. Amalgamated Bank grew its position in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company's stock valued at $100,000 after acquiring an additional 948 shares during the period. Finally, Counterpoint Mutual Funds LLC grew its position in shares of Zeta Global by 9.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock valued at $136,000 after acquiring an additional 1,065 shares during the period. 75.82% of the stock is 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.