Zeta Global (NYSE:ZETA) Shares Down 6% - What's Next?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares dropped 6% on Monday . The company traded as low as $12.40 and last traded at $12.36. Approximately 966,882 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 5,359,129 shares. The stock had previously closed at $13.14.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZETA. DA Davidson lowered their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada reduced their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group dropped their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Truist Financial lowered their target price on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Trading Up 2.3%

The firm has a market cap of $3.29 billion, a PE ratio of -19.94, a PEG ratio of 1.65 and a beta of 1.25. The firm has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $16.93. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZETA. KBC Group NV increased its position in shares of Zeta Global by 102.3% during the fourth quarter. KBC Group NV now owns 9,680 shares of the company's stock valued at $174,000 after buying an additional 4,896 shares during the period. Jennison Associates LLC boosted its position in Zeta Global by 22.2% during the 4th quarter. Jennison Associates LLC now owns 44,018 shares of the company's stock valued at $792,000 after acquiring an additional 7,999 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Zeta Global by 23.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 53,771 shares of the company's stock worth $967,000 after acquiring an additional 10,382 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after acquiring an additional 636 shares during the period. Finally, Entropy Technologies LP raised its position in shares of Zeta Global by 45.5% in the 4th quarter. Entropy Technologies LP now owns 36,045 shares of the company's stock worth $648,000 after acquiring an additional 11,270 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

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.