Zeta Global (NYSE:ZETA) Stock Price Down 7.6% – What’s Next?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) were down 7.6% on Wednesday . The stock traded as low as $23.15 and last traded at $23.32. Approximately 2,194,539 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 8,803,843 shares. The stock had previously closed at $25.25.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ZETA shares. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, April 28th. Finally, Bank of America assumed coverage on Zeta Global in a report on Tuesday, May 19th. They set a “buy” rating and a $24.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Price Performance

The company has a market cap of $5.71 billion, a price-to-earnings ratio of -208.36, a P/E/G ratio of 3.93 and a beta of 1.34. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $17.39 and a 200 day moving average price of $18.26.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares during the period. Contour Asset Management LLC boosted its stake in Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in Zeta Global during the 3rd quarter worth approximately $121,502,000. Goldman Sachs Group Inc. raised its stake in Zeta Global by 13.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock valued at $113,603,000 after purchasing an additional 673,145 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Zeta Global by 0.7% in the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock valued at $102,030,000 after purchasing an additional 33,923 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Zeta Global

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.