Zeta Global (NYSE:ZETA) Shares Down 2.9% – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA) shares dropped 2.9% on Monday . The stock traded as low as $12.81 and last traded at $13.36. Approximately 1,218,045 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 4,990,841 shares. The stock had previously closed at $13.76.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. 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. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley boosted their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group reiterated 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Down 0.9 %

The company has a market cap of $3.24 billion, a P/E ratio of -19.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm’s 50 day moving average price is $18.00 and its two-hundred day moving average price is $22.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Institutional Trading of Zeta Global

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Citigroup Inc. increased its holdings in Zeta Global by 139.5% during the third quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after buying an additional 88,205 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Zeta Global by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after acquiring an additional 15,342 shares during the period. Finally, FMR LLC grew its position in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after acquiring an additional 3,557,119 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

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.