Zeta Global (NYSE:ZETA) Shares Gap Down – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA) gapped down prior to trading on Tuesday . The stock had previously closed at $14.03, but opened at $13.57. Zeta Global shares last traded at $14.19, with a volume of 584,056 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ZETA shares. Oppenheimer increased their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. B. Riley reiterated a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Performance

The company has a market capitalization of $3.40 billion, a PE ratio of -20.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm’s fifty day simple moving average is $19.04 and its 200 day simple moving average is $23.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ZETA. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after acquiring an additional 306,592 shares during the period. Finally, State Street Corp increased its stake in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after purchasing an additional 455,944 shares in the last quarter. 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.