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

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price rose 7.1% during mid-day trading on Monday following insider buying activity. The stock traded as high as $19.22 and last traded at $18.82. Approximately 4,226,434 shares traded 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 the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the firm’s 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 purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. In other news, CFO Christopher E. Greiner bought 7,975 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

A number of research firms have commented on ZETA. Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Roth Mkm lifted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Needham & Company LLC increased their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. DA Davidson increased their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley reduced their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

Zeta Global Stock Up 12.6 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business’s 50 day moving average price is $28.38 and its 200 day moving average price is $22.73. The firm has a market cap of $4.85 billion, a PE ratio of -31.49 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) EPS. On average, equities research analysts expect that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. FMR LLC grew its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC grew its position in Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the period. William Blair Investment Management LLC acquired a new stake in Zeta Global during the second quarter worth $28,698,000. Finally, Renaissance Technologies LLC raised its position in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the period. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.