Zeta Global (NASDAQ:ZETA) Shares Down 5.7%

Zeta Global Holdings Corp. (NASDAQ:ZETA) traded down 5.7% during trading on Friday . The stock traded as low as $6.47 and last traded at $6.48. 3,470 shares traded hands during trading, a decline of 99% from the average session volume of 514,579 shares. The stock had previously closed at $6.87.

Several equities research analysts have recently commented on the stock. Roth Capital assumed coverage on shares of Zeta Global in a research report on Tuesday, July 6th. They set a “buy” rating and a $16.50 price target for the company. Bank of America assumed coverage on shares of Zeta Global in a research report on Tuesday, July 6th. They set a “buy” rating and a $12.00 price target for the company. Oppenheimer reissued a “hold” rating on shares of Zeta Global in a report on Wednesday, August 11th. Canaccord Genuity assumed coverage on shares of Zeta Global in a report on Tuesday, July 6th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Zeta Global in a report on Tuesday, July 6th. They issued an “equal weight” rating and a $9.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.58.

The business has a fifty day moving average of $6.36. The company has a debt-to-equity ratio of 3.46, a quick ratio of 2.00 and a current ratio of 2.00.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Tuesday, August 10th. The company reported ($1.92) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.98) by ($0.94). On average, analysts anticipate that Zeta Global Holdings Corp. will post -1.19 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. GPI Capital L.P. bought a new position in Zeta Global in the 2nd quarter worth approximately $169,991,000. Kohlberg Kravis Roberts & Co. L.P. bought a new position in Zeta Global in the 2nd quarter worth approximately $45,166,000. Clearbridge Investments LLC bought a new position in Zeta Global in the 2nd quarter worth approximately $24,154,000. Vanguard Group Inc. bought a new position in Zeta Global in the 2nd quarter worth approximately $13,674,000. Finally, Arena Capital Advisors LLC CA bought a new position in Zeta Global in the 2nd quarter worth approximately $8,400,000. Institutional investors and hedge funds own 23.86% of the company’s stock.

About Zeta Global (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. 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.

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