Zeta Global (NYSE:ZETA) Sets New 1-Year Low - Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $10.69 and last traded at $10.70, with a volume of 1582323 shares trading hands. The stock had previously closed at $11.46.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Truist Financial lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.29.

Zeta Global Stock Up 4.6 %

The firm's 50-day moving average price is $14.58 and its 200 day moving average price is $19.77. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -18.77, a PEG ratio of 1.65 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its holdings in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after buying an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after acquiring an additional 592 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock valued at $254,000 after purchasing an additional 636 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Zeta Global by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after purchasing an additional 987 shares during the last quarter. Finally, First Bank & Trust increased its position in Zeta Global by 10.6% during the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after purchasing an additional 1,083 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.