Zeta Global (NYSE:ZETA) Stock Price Down 3.6% - Here's What Happened

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares fell 3.6% on Thursday . The stock traded as low as $16.25 and last traded at $16.53. 1,262,300 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 6,111,976 shares. The stock had previously closed at $17.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Needham & Company LLC restated a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday. Canaccord Genuity Group reissued a "buy" rating and set a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Finally, William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.86.

Zeta Global Stock Down 1.2 %

The firm's fifty day moving average is $19.16 and its 200-day moving average is $23.52. The company has a market capitalization of $3.76 billion, a P/E ratio of -22.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

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Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Optiver Holding B.V. boosted its stake 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 in the last quarter. Covestor Ltd grew its holdings in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Zeta Global in the fourth quarter valued at approximately $27,000. Finally, Coppell Advisory Solutions LLC raised its holdings in Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after buying an additional 1,201 shares during the last quarter. 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.