Zeta Global (NYSE:ZETA) Stock Price Down 10.4% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price traded down 10.4% during trading on Monday . The company traded as low as $13.91 and last traded at $14.18. 3,595,040 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 6,205,011 shares. The stock had previously closed at $15.82.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. KeyCorp cut shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. B. Riley reaffirmed a "buy" rating and issued a $44.00 target price 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 stock an "equal weight" rating in a research note on Wednesday, February 26th. Four 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Zeta Global Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock's 50-day simple moving average is $18.90 and its two-hundred day simple moving average is $23.25. The firm has a market cap of $3.26 billion, a P/E ratio of -19.64, a PEG ratio of 1.65 and a beta of 1.18.

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Institutional Trading of Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in ZETA. Optiver Holding B.V. increased its stake in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after buying an additional 532 shares during the period. Summit Investment Advisors Inc. grew its stake in Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after purchasing an additional 592 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after purchasing an additional 636 shares during the period. HighTower Advisors LLC raised its position in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after purchasing an additional 892 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after buying an additional 987 shares during the period. 87.75% of the stock is currently owned by institutional investors.

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.