Zeta Global (NYSE:ZETA) Trading Down 1% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price was down 1% during mid-day trading on Friday . The stock traded as low as $13.83 and last traded at $14.28. Approximately 813,519 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,857,675 shares. The stock had previously closed at $14.42.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZETA shares. Royal Bank of Canada reduced their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a 50 day moving average price of $18.31 and a 200-day moving average price of $22.68. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -20.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Institutional Trading of Zeta Global

A number of institutional investors have recently made changes to their positions in ZETA. Optiver Holding B.V. boosted its stake in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $27,000. Coppell Advisory Solutions LLC boosted its stake in shares of Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the fourth quarter worth approximately $33,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.