Zeta Global (NYSE:ZETA) Shares Down 1.5% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares fell 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 changed hands during 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

A number of brokerages have recently commented on ZETA. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Finally, Morgan Stanley boosted their target price 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. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.86.

Zeta Global Stock Down 4.4 %

The firm's 50 day moving average price is $18.00 and its two-hundred day moving average price is $22.31. 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 company has a market capitalization of $3.27 billion, a P/E ratio of -19.63, a PEG ratio of 1.65 and a beta of 1.18.

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Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional 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 buying an additional 532 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after purchasing an additional 592 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after purchasing an additional 636 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after buying an additional 987 shares during the last quarter. 87.75% of the stock is currently 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.