Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) Director Acquires 55,000 Shares of Stock

Zeta Global Holdings Corp. (NYSE:ZETA) Director Imran Khan bought 55,000 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zeta Global Stock Up 12.6 %

Shares of ZETA opened at $22.04 on Wednesday. The firm has a market cap of $4.85 billion, a PE ratio of -31.49 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average is $28.38 and its two-hundred day moving average is $22.73. Zeta Global Holdings Corp. has a fifty-two week low of $7.65 and a fifty-two week high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations 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 period last year, the firm posted ($0.27) EPS. 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

Institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the 3rd quarter worth approximately $26,000. Quest Partners LLC lifted its holdings in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Zeta Global by 3,885.7% in the 3rd 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 last quarter. Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Morgan Stanley lowered their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Barclays lifted their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.08.

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.