Zeta Global (NYSE:ZETA) Trading Down 2.4% - Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares fell 2.4% on Friday . The company traded as low as $15.52 and last traded at $15.67. 1,677,278 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 6,145,049 shares. The stock had previously closed at $16.05.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZETA. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Oppenheimer lifted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Barclays cut their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada cut their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their target price on shares of Zeta Global from $23.00 to $25.00 and gave the stock 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 given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.86.

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Zeta Global Stock Performance

The company has a market cap of $3.32 billion, a PE ratio of -19.98, a PEG ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm's 50 day moving average is $19.04 and its 200-day moving average is $23.39.

Institutional Trading of Zeta Global

Several large investors have recently bought and sold shares of ZETA. FMR LLC grew its stake in Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock valued at $106,235,000 after acquiring an additional 3,557,119 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global in the 4th quarter valued at about $51,042,000. Lord Abbett & CO. LLC boosted its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Norges Bank acquired a new position in Zeta Global in the 4th quarter valued at about $43,236,000. Finally, Renaissance Technologies LLC boosted its holdings in Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

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.