Zeta Global (NASDAQ:ZETA) Stock Price Down 4.2%

Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating)’s share price traded down 4.2% on Tuesday . The company traded as low as $5.03 and last traded at $5.04. 51,398 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 1,424,881 shares. The stock had previously closed at $5.26.

A number of analysts have weighed in on the stock. Oppenheimer cut their target price on shares of Zeta Global from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Zeta Global in a research report on Thursday, February 24th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

The business’s fifty day moving average price is $8.84 and its 200 day moving average price is $9.55. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.72 and a current ratio of 1.72.

Zeta Global (NASDAQ:ZETAGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). The business had revenue of $126.27 million for the quarter, compared to analyst estimates of $119.57 million. Zeta Global had a negative return on equity of 389.93% and a negative net margin of 61.52%. Research analysts forecast that Zeta Global Holdings Corp. will post -1.75 EPS for the current year.

In other news, SVP Satish Ravella sold 6,185 shares of Zeta Global stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $5.64, for a total transaction of $34,883.40. Following the transaction, the senior vice president now owns 239,228 shares in the company, valued at $1,349,245.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Zeta Global by 326.5% in the first quarter. Vanguard Group Inc. now owns 8,223,574 shares of the company’s stock valued at $104,850,000 after buying an additional 6,295,574 shares during the period. Clearbridge Investments LLC lifted its holdings in Zeta Global by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company’s stock valued at $36,734,000 after buying an additional 10,300 shares during the period. Neuberger Berman Group LLC lifted its holdings in Zeta Global by 34.7% in the first quarter. Neuberger Berman Group LLC now owns 927,954 shares of the company’s stock valued at $11,831,000 after buying an additional 239,276 shares during the period. Loomis Sayles & Co. L P acquired a new position in Zeta Global in the first quarter valued at $7,812,000. Finally, Bullseye Asset Management LLC lifted its holdings in Zeta Global by 25.1% in the first quarter. Bullseye Asset Management LLC now owns 547,383 shares of the company’s stock valued at $6,980,000 after buying an additional 110,000 shares during the period. Institutional investors and hedge funds own 23.25% of the company’s stock.

About Zeta Global (NASDAQ:ZETA)

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. Its 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.

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