Zeta Global (NYSE:ZETA) Shares Gap Down – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $30.00, but opened at $28.87. Zeta Global shares last traded at $28.93, with a volume of 1,068,597 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on ZETA. DA Davidson raised their target price on shares of Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. B. Riley upped their target price on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Roth Mkm upped their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Zeta Global Stock Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $6.17 billion, a PE ratio of -31.83 and a beta of 1.27. The firm has a fifty day moving average price of $27.47 and a 200 day moving average price of $20.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same period in the prior year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Research analysts forecast that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the company. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter worth approximately $26,000. Quest Partners LLC lifted its holdings in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. CWM LLC boosted its position in Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after purchasing an additional 4,946 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zeta Global in the 2nd quarter worth approximately $99,000. Finally, Amalgamated Bank increased its holdings in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 75.82% 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.