Zeta Global (NYSE:ZETA) Stock Price Down 6.5% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price dropped 6.5% during trading on Thursday . The stock traded as low as $14.61 and last traded at $14.6950. Approximately 2,287,259 shares changed hands during trading, a decline of 73% from the average daily volume of 8,529,957 shares. The stock had previously closed at $15.72.

Analyst Upgrades and Downgrades

ZETA has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Wall Street Zen cut Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson boosted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their target price on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial upgraded Zeta Global to a “strong-buy” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Price Performance

The business has a fifty day moving average price of $16.91 and a 200-day moving average price of $18.59. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.69 billion, a PE ratio of -100.89, a PEG ratio of 1.85 and a beta of 1.28.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The firm had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $378.09 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares during the period. Contour Asset Management LLC lifted its position in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the last quarter. Greenvale Capital LLP lifted its position in Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Zeta Global during the third quarter valued at approximately $121,502,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Zeta Global by 13.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after purchasing an additional 673,145 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.