Zeta Global (NYSE:ZETA) Shares Down 4.4% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA) fell 4.4% on Monday . The company traded as low as $18.52 and last traded at $18.54. 1,535,523 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 3,821,748 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZETA. Bank of America upped their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley dropped their price target on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group initiated coverage on Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays boosted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Stock Down 1.6 %

The company has a market capitalization of $4.53 billion, a P/E ratio of -27.27 and a beta of 1.12. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $24.96 and its 200 day moving average price is $23.62.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million during 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%. The business’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, equities research analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In related news, COO Steven H. Gerber purchased 13,250 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 129,901 shares of company stock valued at $2,471,244 in the last ninety days. Insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global during the 3rd quarter valued at $26,000. Quest Partners LLC increased its holdings in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.