Zeta Global (NYSE:ZETA) Shares Down 2.9% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares traded down 2.9% on Monday . The company traded as low as $12.81 and last traded at $13.36. 1,218,045 shares traded hands during trading, a decline of 76% from the average session volume of 4,990,841 shares. The stock had previously closed at $13.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Barclays decreased their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada cut their target price on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. B. Riley restated a "buy" rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.

Zeta Global Price Performance

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 stock has a market cap of $3.13 billion, a P/E ratio of -18.82, a PEG ratio of 1.65 and a beta of 1.18. The company has a 50 day simple moving average of $17.72 and a 200 day simple moving average of $22.05.

Institutional Inflows and Outflows

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

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.