Zeta Global (NYSE:ZETA) Reaches New 1-Year Low - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $10.93 and last traded at $11.07, with a volume of 822199 shares traded. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada reduced their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Four 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.86.

Zeta Global Stock Performance

The company has a market cap of $2.87 billion, a P/E ratio of -17.24, a PEG ratio of 1.65 and a beta of 1.29. 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 company has a 50 day moving average price of $16.61 and a 200-day moving average price of $21.07.

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Institutional Trading of Zeta Global

A number of institutional investors have recently made changes to their positions in ZETA. HighTower Advisors LLC raised its stake in shares of Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after buying an additional 892 shares in the last quarter. State Street Corp raised its position in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. National Bank of Canada FI acquired a new stake in Zeta Global in the 3rd quarter valued at about $734,000. Barclays PLC boosted its position in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after purchasing an additional 112,238 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock worth $127,302,000 after purchasing an additional 674,192 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.