Zeta Global (NYSE:ZETA) Stock Price Down 6.5% – Time to Sell?
by Jessica Moore · The Cerbat GemZeta Global Holdings Corp. (NYSE:ZETA – Get Free Report)’s stock price was down 6.5% during trading on Thursday . The company traded as low as $14.61 and last traded at $14.6950. Approximately 2,287,259 shares traded hands during trading, a decline of 73% from the average daily volume of 8,529,957 shares. The stock had previously closed at $15.72.
Wall Street Analyst Weigh In
ZETA has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. B. Riley Financial raised Zeta Global to a “strong-buy” rating in a research note on Thursday, April 2nd. The Goldman Sachs Group raised their price target on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.
Read Our Latest Analysis on Zeta Global
Zeta Global Stock Performance
The company has a 50-day simple moving average of $16.91 and a two-hundred day simple moving average of $18.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $3.69 billion, a P/E ratio of -100.89, a PEG ratio of 1.85 and a beta of 1.28.
Zeta Global (NYSE:ZETA – Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $394.64 million during the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.
Institutional Trading of Zeta Global
Hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in shares of Zeta Global by 4.8% in the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after acquiring an additional 560 shares in the last quarter. Verus Capital Partners LLC boosted its stake 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 acquiring an additional 600 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Zeta Global by 3.9% in the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after purchasing an additional 750 shares during the period. Hsbc Holdings PLC increased its stake in shares of Zeta Global by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after purchasing an additional 793 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Zeta Global by 1.2% during the third quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock valued at $1,321,000 after purchasing an additional 799 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.
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.