Zeta Global (NYSE:ZETA) Shares Down 6.1% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price dropped 6.1% on Tuesday . The stock traded as low as $13.54 and last traded at $13.59. Approximately 1,517,153 shares traded hands during trading, a decline of 69% from the average daily volume of 4,837,251 shares. The stock had previously closed at $14.47.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Barclays reduced their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group cut their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Down 5.5 %

The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.25 billion, a PE ratio of -19.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $22.99.

Institutional Trading of Zeta Global

Several large investors have recently bought and sold shares of ZETA. Optiver Holding B.V. increased 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 acquiring an additional 532 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Zeta Global in the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC increased its stake in shares of Zeta Global by 244.1% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global during the fourth quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global in the 4th quarter worth approximately $33,000. 87.75% of the stock is owned by 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.