Zeta Global (NASDAQ:ZETA) Shares Gap Down to $12.80

Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $12.80, but opened at $12.27. Zeta Global shares last traded at $11.75, with a volume of 7,027 shares traded.

ZETA has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Zeta Global from a “hold” rating to a “sell” rating in a research report on Saturday. Craig Hallum assumed coverage on shares of Zeta Global in a report on Monday, February 7th. They issued a “buy” rating and a $14.00 price objective on the stock. They noted that the move was a valuation call. Oppenheimer raised Zeta Global from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Thursday, April 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a research report on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $12.70.

The company has a debt-to-equity ratio of 2.03, a current ratio of 1.85 and a quick ratio of 1.85. The company’s fifty day moving average is $11.53 and its 200-day moving average is $9.54.

Zeta Global (NASDAQ:ZETA – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.10). The firm had revenue of $134.85 million during the quarter, compared to analyst estimates of $122.78 million. As a group, analysts expect that Zeta Global Holdings Corp. will post -1.37 EPS for the current fiscal year.

In other news, major shareholder Gpi Capital Gemini Holdco Lp sold 4,000,000 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $11.40, for a total value of $45,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of Zeta Global in the second quarter worth $38,000. Morgan Stanley bought a new stake in Zeta Global during the second quarter worth $178,000. Victory Capital Management Inc. increased its holdings in shares of Zeta Global by 1.3% during the third quarter. Victory Capital Management Inc. now owns 253,138 shares of the company’s stock worth $1,483,000 after purchasing an additional 3,138 shares during the period. New York State Common Retirement Fund boosted its holdings in Zeta Global by 4.8% in the third quarter. New York State Common Retirement Fund now owns 137,680 shares of the company’s stock valued at $807,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Zeta Global in the third quarter valued at $309,000. 22.23% of the stock is owned by institutional investors.

Zeta Global Company Profile (NASDAQ:ZETA)

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. Its 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.

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