Zeta Global (NASDAQ:ZETA) Shares Gap Down to $6.22

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $6.22, but opened at $6.01. Zeta Global shares last traded at $6.11, with a volume of 711 shares changing hands.

Several analysts have issued reports on ZETA shares. William Blair reissued a “buy” rating on shares of Zeta Global in a report on Wednesday, August 11th. Needham & Company LLC initiated coverage on Zeta Global in a research report on Tuesday, July 6th. They issued a “buy” rating and a $13.00 price objective on the stock. Roth Capital initiated coverage on Zeta Global in a research report on Tuesday, July 6th. They issued a “buy” rating and a $16.50 price objective on the stock. Barclays initiated coverage on Zeta Global in a research report on Tuesday, July 6th. They issued an “overweight” rating and a $12.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on Zeta Global in a research report on Tuesday, July 6th. They issued an “equal weight” rating and a $9.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Buy” and a consensus target price of $12.58.

The company has a debt-to-equity ratio of 3.46, a current ratio of 2.00 and a quick ratio of 2.00. The company has a 50-day moving average price of $6.31.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HBK Investments L P bought a new stake in Zeta Global during the second quarter worth approximately $2,940,000. Morgan Stanley bought a new stake in Zeta Global during the second quarter worth approximately $178,000. Blackstone Inc bought a new stake in Zeta Global during the second quarter worth approximately $630,000. Walleye Capital LLC bought a new stake in Zeta Global during the second quarter worth approximately $2,424,000. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in Zeta Global during the second quarter worth approximately $2,484,000. 23.86% of the stock is currently owned by institutional investors.

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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