Zeta Global (NYSE:ZETA) Shares Down 3.9% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares traded down 3.9% during trading on Wednesday . The stock traded as low as $14.93 and last traded at $15.12. 1,234,473 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,887,352 shares. The stock had previously closed at $15.73.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ZETA shares. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. B. Riley restated a "buy" rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley increased their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Zeta Global Stock Down 4.4 %

The company's 50 day simple moving average is $18.00 and its 200-day simple moving average is $22.33. 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 firm has a market cap of $3.27 billion, a P/E ratio of -19.63, a PEG ratio of 1.65 and a beta of 1.18.

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Institutional Investors Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. boosted its stake in shares of 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 last quarter. Rakuten Securities Inc. bought a new stake in shares of Zeta Global during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its position 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 valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global in the 4th quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global in the fourth quarter worth approximately $33,000. 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.