Zeta Global (NYSE:ZETA) Reaches New 12-Month Low - Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $10.69 and last traded at $10.70, with a volume of 1582323 shares. The stock had previously closed at $11.46.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley reduced their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday. The Goldman Sachs Group dropped their target price on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. DA Davidson dropped their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial lowered their price objective on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.29.

Zeta Global Stock Performance

The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -17.82, a price-to-earnings-growth 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 stock has a fifty day moving average price of $15.03 and a 200-day moving average price of $20.11.

Institutional Investors Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. boosted its stake in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Zeta Global in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC raised its stake in shares of Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the fourth quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Zeta Global during the fourth quarter valued at approximately $33,000. 87.75% 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.