Zeta Global (NASDAQ:ZETA) Shares Gap Down to $18.14

Zeta Global Holdings Corp. (NASDAQ:ZETA) shares gapped down before the market opened on Thursday . The stock had previously closed at $18.14, but opened at $16.72. Zeta Global shares last traded at $17.00, with a volume of 1,743,057 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ZETA shares. TheStreet raised shares of Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. Craig Hallum increased their price target on Zeta Global from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Oppenheimer lifted their price objective on Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley increased their target price on Zeta Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Finally, Barclays upped their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $19.95.

Zeta Global Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a 50 day moving average of $13.12 and a 200 day moving average of $10.60.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Praesidium Investment Management Company LLC boosted its position in Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after acquiring an additional 5,806,578 shares in the last quarter. Capital World Investors bought a new position in shares of Zeta Global during the 4th quarter valued at $23,560,000. Ophir Asset Management Pty Ltd purchased a new position in Zeta Global in the fourth quarter worth about $19,682,000. Massachusetts Financial Services Co. MA bought a new stake in Zeta Global during the fourth quarter valued at approximately $18,664,000. Finally, Granahan Investment Management LLC grew its position in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

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.