Zeta Global (NYSE:ZETA) Trading Down 4.2% – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) dropped 4.2% on Tuesday . The company traded as low as $30.07 and last traded at $29.8320. Approximately 1,252,142 shares changed hands during trading, a decline of 85% from the average session volume of 8,593,142 shares. The stock had previously closed at $31.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZETA shares. Royal Bank Of Canada boosted their target price on shares of Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Needham & Company LLC lifted their price objective on Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Bank of America boosted their price objective on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. KeyCorp upped their target price on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Citigroup lifted their target price on Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.77.

Zeta Global Stock Performance

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.49 billion, a P/E ratio of -1,491.15, a price-to-earnings-growth ratio of 4.25 and a beta of 1.43. The company’s 50 day moving average is $27.29 and its 200-day moving average is $21.68.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The company had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after purchasing an additional 469 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in Zeta Global by 1.2% during the fourth quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after purchasing an additional 600 shares during the last quarter. Essential Partners LLC boosted its holdings in Zeta Global by 30.9% during the first quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after purchasing an additional 630 shares during the last quarter. SlateStone Wealth LLC grew its position in Zeta Global by 3.9% in the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after purchasing an additional 750 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Zeta Global by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock worth $724,000 after purchasing an additional 793 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. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.