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 brokerages also recently weighed in on ZETA. DA Davidson decreased their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Truist Financial dropped their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group reduced their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC dropped their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.36.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Optiver Holding B.V. raised its position in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Zeta Global during the 4th quarter worth $27,000. Bartlett & CO. Wealth Management LLC acquired a new position in Zeta Global in the 1st quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its holdings in shares of Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Zeta Global in the 4th quarter worth $33,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Price Performance

The stock has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $18.89. The company has a market cap of $3.14 billion, a PE ratio of -18.86, a price-to-earnings-growth 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.

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.