Zeta Global (NYSE:ZETA) Trading Down 6.7% – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price traded down 6.7% during mid-day trading on Tuesday . The company traded as low as $16.40 and last traded at $16.4850. 1,974,020 shares were traded during mid-day trading, a decline of 78% from the average session volume of 8,880,189 shares. The stock had previously closed at $17.66.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZETA shares. The Goldman Sachs Group boosted their price target on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Bank of America lifted their price target on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. UBS Group set a $29.00 target price on Zeta Global in a report on Tuesday, November 25th. Finally, B. Riley Financial boosted their price target on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Zeta Global Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $4.00 billion, a PE ratio of -109.03, a PEG ratio of 1.99 and a beta of 1.28. The firm’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $18.95.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global in the 3rd quarter valued at about $121,502,000. Greenvale Capital LLP grew its position in Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after acquiring an additional 4,451,181 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Zeta Global by 857.2% during the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after purchasing an additional 2,399,408 shares during the period. Contour Asset Management LLC lifted its position in shares of Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Finally, Norges Bank acquired a new stake in Zeta Global during the 4th quarter valued at $46,975,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.