Zeta Global (NYSE:ZETA) Stock Price Down 3.9% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares fell 3.9% on Wednesday . The stock traded as low as $14.93 and last traded at $15.12. 1,234,473 shares changed hands during trading, a decline of 75% from the average session volume of 4,887,352 shares. The stock had previously closed at $15.73.

Analyst Ratings Changes

A number of brokerages have recently commented on ZETA. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley boosted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays reduced their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their target price on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Price Performance

The company’s 50-day moving average price is $18.10 and its two-hundred day moving average price is $22.42. 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 company has a market capitalization of $3.36 billion, a P/E ratio of -20.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after purchasing an additional 489,499 shares during the period. Lord Abbett & CO. LLC grew its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Renaissance Technologies LLC increased its position in 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 buying an additional 2,345,562 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after buying an additional 306,592 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. 87.75% of the stock is currently 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.