Zeta Global (NYSE:ZETA) Shares Gap Down – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped down before the market opened on Friday . The stock had previously closed at $30.00, but opened at $28.87. Zeta Global shares last traded at $28.93, with a volume of 1,068,597 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Craig Hallum raised their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays cut Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a research report on Friday. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. Bank of America raised their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Zeta Global in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Zeta Global Stock Performance

The company’s 50-day moving average price is $27.55 and its two-hundred day moving average price is $20.39. The company has a market cap of $6.10 billion, a P/E ratio of -26.32 and a beta of 1.27. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) earnings per share. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after purchasing an additional 431,077 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after buying an additional 77,962 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Finally, Bwcp LP raised its holdings in shares of Zeta Global by 6.2% during the second quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock valued at $31,874,000 after acquiring an additional 106,034 shares during the period. 75.82% of the stock is currently 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.