Zeta Global (NYSE:ZETA) Shares Down 4.2% – What’s Next?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) fell 4.2% during mid-day trading on Tuesday . The stock traded as low as $30.07 and last traded at $29.8320. Approximately 1,252,142 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 8,593,142 shares. The stock had previously closed at $31.15.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ZETA. Royal Bank Of Canada lifted their target price on Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citigroup increased their price target on shares of Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, DA Davidson increased their price objective on shares of Zeta Global from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average price target of $30.77.

Zeta Global Trading Down 3.6%

The stock has a market capitalization of $7.54 billion, a P/E ratio of -1,502.10, a P/E/G ratio of 4.27 and a beta of 1.43. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $21.52.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The company had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Contour Asset Management LLC grew its stake in 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 during the period. Norges Bank acquired a new position in shares of Zeta Global during the fourth quarter valued at about $46,975,000. P2 Capital Partners LLC acquired a new position in shares of Zeta Global during the fourth quarter valued at about $34,595,000. BNP Paribas Financial Markets grew its stake in shares of Zeta Global by 1,821.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,535,271 shares of the company’s stock valued at $31,243,000 after buying an additional 1,455,387 shares during the period. Finally, Granahan Investment Management LLC grew its stake in shares of Zeta Global by 110.3% in the 4th quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company’s stock valued at $53,269,000 after buying an additional 1,373,164 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.