Zeta Global (NYSE:ZETA) Shares Gap Down – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $21.87, but opened at $20.75. Zeta Global shares last traded at $21.8730, with a volume of 1,204,575 shares traded.

Analyst Ratings Changes

Several brokerages have commented on ZETA. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Zeta Global in a report on Wednesday, June 24th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada raised their target price on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Tuesday, April 28th. Finally, Bank of America boosted their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50-day moving average price is $19.80 and its two-hundred day moving average price is $18.77. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of -202.37, a price-to-earnings-growth ratio of 3.18 and a beta of 1.37.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its holdings in shares of Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after buying an additional 1,260 shares in the last quarter. DV Equities LLC acquired a new stake in Zeta Global in the 4th quarter valued at $29,000. Binnacle Investments Inc acquired a new stake in Zeta Global in the 3rd quarter valued at $30,000. United Community Bank bought a new stake in Zeta Global in the fourth quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC grew its position in Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after acquiring an additional 1,406 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.