Zeta Global (NASDAQ:ZETA) Shares Down 2.6%

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s stock price fell 2.6% during trading on Tuesday . The company traded as low as $17.69 and last traded at $17.72. 82,536 shares were traded during trading, a decline of 96% from the average session volume of 1,896,827 shares. The stock had previously closed at $18.20.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ZETA shares. Roth Mkm lifted their price target on Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. DA Davidson boosted their price objective on Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Royal Bank of Canada initiated coverage on Zeta Global in a research report on Tuesday, June 25th. They set an “outperform” rating and a $20.00 target price on the stock. Craig Hallum lifted their price target on shares of Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, B. Riley upped their price objective on shares of Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $20.59.

Zeta Global Stock Performance

The firm’s 50 day simple moving average is $15.98 and its 200-day simple moving average is $12.22. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.38) EPS. As a group, analysts forecast that Zeta Global Holdings Corp. will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently modified their holdings of ZETA. Halpern Financial Inc. boosted its holdings in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the period. Optas LLC acquired a new stake in shares of Zeta Global during the fourth quarter worth about $88,000. Blue Trust Inc. lifted its position in shares of Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after purchasing an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Zeta Global in the fourth quarter valued at approximately $100,000. Finally, SlateStone Wealth LLC acquired a new position in shares of Zeta Global in the first quarter valued at approximately $135,000. 75.82% of the stock is owned by institutional investors and hedge funds.

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.