Zeta Global (NYSE:ZETA) Stock Price Down 1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price was down 1% during mid-day trading on Friday . The stock traded as low as $13.83 and last traded at $14.28. Approximately 813,519 shares traded hands during trading, a decline of 83% from the average daily volume of 4,857,675 shares. The stock had previously closed at $14.42.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZETA. Morgan Stanley raised their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Four research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Price Performance

The firm has a market cap of $3.40 billion, a PE ratio of -20.46, a PEG ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a 50 day moving average price of $18.37 and a 200 day moving average price of $22.79.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZETA. Optiver Holding B.V. raised its stake in shares of Zeta Global by 60.9% during 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 in the last quarter. Rakuten Securities Inc. acquired a new position in Zeta Global during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC raised its position in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Zeta Global in the fourth quarter valued at $33,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Zeta Global during the 4th quarter worth $33,000. 87.75% of the stock is 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.