Zeta Global (NYSE:ZETA) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Zeta Global shares fell below their 50-day moving average, trading as low as $30.33 versus the $31.48 average, while the stock’s two-hundred-day average stood at $22.54.
• Analysts remain broadly optimistic: 12 rate ZETA a Buy, two rate it Hold and one rates it Sell, resulting in a consensus “Moderate Buy” rating and a $37.06 price target.
• The company’s latest quarter showed 43.6% year-over-year revenue growth to $442.77 million, but adjusted EPS of $0.03 missed estimates of $0.20; Zeta reported a slightly negative net margin.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) passed 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.

Analyst Ratings Changes

A number of brokerages have commented on ZETA. DA Davidson raised their price objective on Zeta Global from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. William Blair set a $29.00 target price on Zeta Global 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 target price on Zeta Global in a report on Monday, October 12th. Finally, Citigroup lifted their price target on shares of Zeta Global from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and a consensus price target of $37.06.

Zeta Global Stock Down 4.9%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $7.82 billion, a price-to-earnings ratio of -1,556.70, a price-to-earnings-growth ratio of 4.62 and a beta of 1.39. The stock's fifty day moving average is $31.48 and its two-hundred day moving average is $22.54.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. Zeta Global's revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Sell-side analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZETA. Financial Management Professionals Inc. boosted its position in Zeta Global by 45.0% in the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company's stock worth $32,000 after purchasing an additional 318 shares during the last quarter. Signaturefd LLC increased its position in shares of Zeta Global by 121.6% during the 3rd quarter. Signaturefd LLC now owns 1,148 shares of the company's stock valued at $36,000 after purchasing an additional 630 shares during the last quarter. GK Wealth Management LLC purchased a new stake in shares of Zeta Global during the 3rd quarter valued at $37,000. Versant Capital Management Inc raised its stake in shares of Zeta Global by 54.9% during the 3rd 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 period. Finally, Polaris Financial Partners bought a new stake in shares of Zeta Global during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.