Zeta Global (NYSE:ZETA) Stock Price Up 7.1% After Insider Buying Activity

Zeta Global Holdings Corp. (NYSE:ZETAGet Free Report) shares were up 7.1% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as $19.22 and last traded at $18.82. Approximately 4,226,434 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 3,109,907 shares. The stock had previously closed at $17.58.

Specifically, CEO David Steinberg acquired 53,676 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In related news, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

ZETA has been the subject of several recent analyst reports. B. Riley raised their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Morgan Stanley reduced their price objective on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Barclays increased their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Canaccord Genuity Group increased their target price on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, DA Davidson increased their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

Check Out Our Latest Analysis on Zeta Global

Zeta Global Trading Up 12.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a 50 day simple moving average of $28.38 and a two-hundred day simple moving average of $22.73. The firm has a market capitalization of $4.85 billion, a P/E ratio of -31.49 and a beta of 1.29.

Zeta Global (NYSE:ZETAGet Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) earnings per share. Equities research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in the business. Invst LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth $959,000. Geode Capital Management LLC raised its stake in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares during the period. Barclays PLC raised its stake in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. National Bank of Canada FI bought a new stake in shares of Zeta Global during the 3rd quarter worth $734,000. Finally, State Street Corp raised its stake in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares during the period. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

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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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