Zeta Global (NYSE:ZETA) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $31.48 and traded as low as $30.33. Zeta Global shares last traded at $31.1340, with a volume of 5,111,659 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research report on Friday, October 9th. Craig Hallum set a $38.00 price target on shares of Zeta Global in a research report on Monday, October 12th. DA Davidson raised their target price on Zeta Global from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Zeta Global from $31.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 5th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.06.

Zeta Global Price Performance

The business’s 50-day simple moving average is $31.48 and its 200 day simple moving average is $22.54. 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 $7.81 billion, a P/E ratio of -1,556.70, a PEG ratio of 4.40 and a beta of 1.39.

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

Institutional Investors Weigh In On Zeta Global

Large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. boosted its stake in Zeta Global by 45.0% during the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock worth $32,000 after acquiring an additional 318 shares in the last quarter. Signaturefd LLC raised its stake in shares of Zeta Global by 121.6% in the third quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock worth $36,000 after purchasing an additional 630 shares during the last quarter. GK Wealth Management LLC bought a new position in Zeta Global during the 3rd quarter valued at about $37,000. Versant Capital Management Inc boosted its holdings in Zeta Global by 54.9% in the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the last quarter. Finally, Polaris Financial Partners bought a new stake in shares of Zeta Global in the third quarter worth $56,000. 87.75% of the stock is currently owned by institutional investors.

About Zeta Global

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.