Zeta Global (NYSE:ZETA) Shares Down 3.7% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) dropped 3.7% on Tuesday . The company traded as low as $16.08 and last traded at $16.18. Approximately 11,277,140 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 5,715,948 shares. The stock had previously closed at $16.81.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZETA shares. Truist Financial reduced their price target on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Barclays cut their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, DA Davidson cut their target price on Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $30.36.

Zeta Global Stock Down 3.3%

The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $13.16 and its 200-day moving average price is $16.06. The stock has a market capitalization of $3.83 billion, a PE ratio of -56.03, a price-to-earnings-growth ratio of 31.21 and a beta of 1.25.

Institutional Trading of Zeta Global

Several institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Zeta Global by 753.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new position in Zeta Global during the first quarter valued at approximately $38,748,000. Jacobs Levy Equity Management Inc. purchased a new stake in Zeta Global in the fourth quarter worth approximately $51,042,000. Norges Bank bought a new stake in Zeta Global in the 4th quarter worth approximately $43,236,000. Finally, Renaissance Technologies LLC raised its stake in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after buying an additional 2,345,562 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.