Zeta Global (NYSE:ZETA) Shares Down 1.5% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price fell 1.5% during trading on Thursday . The company traded as low as $14.42 and last traded at $14.89. 1,025,425 shares traded hands during trading, a decline of 79% from the average session volume of 4,899,893 shares. The stock had previously closed at $15.11.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZETA. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley reissued a “buy” rating and issued a $44.00 price objective 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 on the stock in a report on Tuesday, March 4th. Finally, Barclays cut 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 note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Price Performance

The stock has a market capitalization of $3.51 billion, a P/E ratio of -21.03, a PEG ratio of 1.65 and a beta of 1.18. The business has a fifty day simple moving average of $18.19 and a 200-day simple moving average of $22.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Trading of Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Wellington Management Group LLP bought a new stake in Zeta Global in the 4th quarter valued at about $6,614,000. California State Teachers Retirement System raised its position in shares of Zeta Global by 16.6% in the fourth quarter. California State Teachers Retirement System now owns 179,383 shares of the company’s stock valued at $3,227,000 after purchasing an additional 25,556 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Zeta Global in the 4th quarter worth approximately $212,000. Heck Capital Advisors LLC purchased a new position in Zeta Global in the 4th quarter valued at approximately $66,000. Finally, Mackenzie Financial Corp raised its holdings in Zeta Global by 294.3% during the 4th quarter. Mackenzie Financial Corp now owns 170,552 shares of the company’s stock valued at $3,068,000 after acquiring an additional 127,301 shares during the period. 87.75% of the stock is currently owned by institutional investors.

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.