Zeta Global (NYSE:ZETA) Shares Gap Down Following Analyst Downgrade

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) gapped down prior to trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $27.00 to $16.00. The stock had previously closed at $13.68, but opened at $13.23. The Goldman Sachs Group currently has a neutral rating on the stock. Zeta Global shares last traded at $13.27, with a volume of 1,023,601 shares trading hands.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity Group lowered their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. B. Riley decreased their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Truist Financial decreased their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Institutional Trading of Zeta Global

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Zeta Global by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 16,985 shares of the company's stock worth $230,000 after purchasing an additional 1,422 shares during the last quarter. SlateStone Wealth LLC boosted its stake in Zeta Global by 5.8% in the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock valued at $233,000 after buying an additional 948 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Zeta Global in the first quarter valued at about $32,000. Summit Creek Advisors LLC grew its position in Zeta Global by 33.6% in the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock valued at $14,206,000 after acquiring an additional 263,451 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Zeta Global by 14.6% during the first quarter. LPL Financial LLC now owns 169,764 shares of the company's stock worth $2,302,000 after acquiring an additional 21,667 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Trading Up 0.3 %

The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -19.07, a P/E/G ratio of 1.65 and a beta of 1.29. 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 business's 50 day moving average price is $13.39 and its two-hundred day moving average price is $18.70.

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.