Zeta Global (NYSE:ZETA) Shares Down 2.7% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price traded down 2.7% during trading on Friday . The company traded as low as $14.01 and last traded at $13.98. 893,582 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 4,910,825 shares. The stock had previously closed at $14.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Barclays dropped their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Canaccord Genuity Group restated a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Morgan Stanley increased their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Four equities 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Down 5.1 %

The firm has a market cap of $3.24 billion, a P/E ratio of -19.47, a P/E/G ratio of 1.65 and a beta of 1.18. The stock has a 50 day simple moving average of $18.10 and a 200-day simple moving average of $22.42. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Zeta Global in the fourth quarter worth about $51,042,000. Lord Abbett & CO. LLC increased its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Norges Bank purchased a new stake in Zeta Global during the fourth quarter valued at approximately $43,236,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.