Zeta Global (NYSE:ZETA) Trading Down 6.1% - Here's What Happened

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares traded down 6.1% during trading on Tuesday . The stock traded as low as $13.54 and last traded at $13.59. 1,517,153 shares were traded during mid-day trading, a decline of 69% from the average session volume of 4,837,251 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZETA. Needham & Company LLC reiterated a "buy" rating and set a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group cut their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. 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. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Morgan Stanley increased their price target 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 research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.86.

Zeta Global Stock 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 company has a market cap of $3.42 billion, a P/E ratio of -20.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a 50 day moving average price of $18.37 and a 200-day moving average price of $22.79.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. JPMorgan Chase & Co. increased its position in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock worth $37,015,000 after purchasing an additional 293,583 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock worth $7,798,000 after buying an additional 268,710 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company's stock worth $51,980,000 after buying an additional 413,577 shares in the last quarter. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the 3rd quarter valued at $1,752,000. Finally, Barclays PLC boosted its holdings 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 acquiring an additional 112,238 shares in the last quarter. 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.