Zeta Global (NYSE:ZETA) Stock Price Up 8.1% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price was up 8.1% during mid-day trading on Thursday . The stock traded as high as $20.23 and last traded at $20.30. Approximately 2,265,079 shares traded hands during trading, a decline of 41% from the average daily volume of 3,822,632 shares. The stock had previously closed at $18.78.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZETA. The Goldman Sachs Group assumed coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Morgan Stanley lowered their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Barclays boosted their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Stock Performance

The company’s 50 day moving average is $19.68 and its 200 day moving average is $23.82. The firm has a market cap of $5.04 billion, a P/E ratio of -30.34, a P/E/G ratio of 1.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same quarter last year, the firm posted ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, equities analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the 3rd quarter worth $26,000. Farther Finance Advisors LLC lifted its holdings 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 worth $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd lifted its holdings in Zeta Global by 2,902.0% in the 3rd 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 period. SBI Securities Co. Ltd. bought a new stake in shares of Zeta Global in the 4th quarter worth approximately $33,000. Finally, Advisors Asset Management Inc. increased its stake 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 valued at $66,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

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.