Zeta Global (NYSE:ZETA) Reaches New 1-Year Low – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price hit a new 52-week low on Monday . The stock traded as low as $10.93 and last traded at $11.07, with a volume of 822199 shares traded. The stock had previously closed at $12.10.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZETA shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Barclays cut their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating 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 assigned a strong buy rating to the company. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Down 1.5 %

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.83 billion, a P/E ratio of -17.06, a PEG ratio of 1.65 and a beta of 1.29. The firm’s 50 day moving average price is $17.48 and its two-hundred day moving average price is $21.80.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global during the fourth quarter worth about $51,042,000. Lord Abbett & CO. LLC boosted its holdings in shares of 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 during the last quarter. Norges Bank bought a new position in shares of Zeta Global in the fourth quarter valued at $43,236,000. Renaissance Technologies LLC increased its holdings in Zeta Global by 98.8% during the fourth 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 last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after acquiring an additional 2,244,953 shares in the last quarter. 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.