Zeta Global (NASDAQ:ZETA) Sets New 52-Week Low at $5.26

Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $5.26 and last traded at $5.26, with a volume of 26775 shares. The stock had previously closed at $5.70.

A number of equities research analysts have issued reports on the company. Oppenheimer cut their price target on Zeta Global from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, June 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Zeta Global in a research note on Thursday, February 24th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and an average target price of $12.83.

The firm’s fifty day simple moving average is $9.31 and its 200 day simple moving average is $9.59. The firm has a market cap of $1.06 billion and a P/E ratio of -1.71. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.72 and a current ratio of 1.72.

Zeta Global (NASDAQ:ZETAGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). Zeta Global had a negative net margin of 61.52% and a negative return on equity of 389.93%. The company had revenue of $126.27 million for the quarter, compared to the consensus estimate of $119.57 million. On average, equities research analysts predict that Zeta Global Holdings Corp. will post -1.75 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of Zeta Global in the 2nd quarter valued at about $38,000. Morgan Stanley bought a new position in shares of Zeta Global in the 2nd quarter valued at about $178,000. Geode Capital Management LLC bought a new position in shares of Zeta Global in the 3rd quarter valued at about $66,000. Man Group plc lifted its holdings in shares of Zeta Global by 114.8% in the 3rd quarter. Man Group plc now owns 27,800 shares of the company’s stock valued at $163,000 after acquiring an additional 14,858 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Zeta Global by 6,218.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 50,550 shares of the company’s stock valued at $296,000 after acquiring an additional 49,750 shares during the last quarter. 23.25% of the stock is owned by institutional investors and hedge funds.

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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