Zeta Global (NYSE:ZETA) Shares Down 5.2% - Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares fell 5.2% during trading on Thursday . The company traded as low as $13.63 and last traded at $13.79. 1,894,350 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 6,250,859 shares. The stock had previously closed at $14.54.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZETA. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Zeta Global Price Performance

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.31 billion, a PE ratio of -19.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm has a 50 day moving average price of $18.70 and a 200 day moving average price of $23.09.

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Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company's stock worth $4,059,000 after buying an additional 113,838 shares in the last quarter. Atria Investments Inc purchased a new position in Zeta Global in the third quarter worth about $358,000. Covestor Ltd grew its position in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after acquiring an additional 1,451 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Zeta Global in the third quarter worth about $448,000. Finally, Victory Capital Management Inc. grew its position in Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company's stock worth $2,048,000 after acquiring an additional 47,849 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.