Zeta Global (NYSE:ZETA) Shares Gap Down - Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.03, but opened at $13.57. Zeta Global shares last traded at $14.19, with a volume of 584,056 shares changing hands.

Analysts Set New Price Targets

ZETA has been the subject of a number of research reports. KeyCorp cut shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group dropped their price target 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. Finally, William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average target price of $36.86.

Zeta Global Stock Performance

The company's 50-day moving average price is $18.70 and its 200 day moving average price is $23.11. 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 stock has a market capitalization of $3.30 billion, a PE ratio of -19.87, a PEG ratio of 1.65 and a beta of 1.18.

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Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its holdings in shares of Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Summit Investment Advisors Inc. raised its stake 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 buying an additional 592 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Zeta Global by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after acquiring an additional 636 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after acquiring an additional 892 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after acquiring an additional 987 shares in 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.