Zeta Global (NYSE:ZETA) Trading Down 1% - Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares fell 1% during mid-day trading on Friday . The company traded as low as $13.83 and last traded at $14.28. 813,519 shares changed hands during trading, a decline of 83% from the average session volume of 4,857,675 shares. The stock had previously closed at $14.42.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. B. Riley reiterated a "buy" rating and issued a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped 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 note on Tuesday, March 4th. Finally, Royal Bank of Canada reduced their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Four equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Remove Ads

Zeta Global Stock Up 7.8 %

The firm has a 50-day moving average of $18.31 and a two-hundred day moving average of $22.67. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -22.21, a PEG ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Zeta Global

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