Zeta Global (NYSE:ZETA) Stock Price Down 1% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) dropped 1% during mid-day trading on Wednesday . The company traded as low as $13.91 and last traded at $14.15. Approximately 2,301,656 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 6,264,546 shares. The stock had previously closed at $14.29.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent research reports. 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 decreased their target price on shares of 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. B. Riley reissued a "buy" rating and issued a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Four equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Remove Ads

Zeta Global Stock Performance

The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -20.58, a P/E/G ratio of 1.65 and a beta of 1.18. The stock has a 50 day moving average of $18.97 and a 200 day moving average of $23.31. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. raised its stake 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. bought a new position in shares of Zeta Global during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC boosted its holdings 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 buying an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global during the 4th quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Zeta Global during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.