Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) CFO Purchases $149,930.00 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zeta Global Price Performance

Shares of ZETA opened at $23.10 on Thursday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20. The stock has a 50 day moving average price of $28.32 and a 200 day moving average price of $22.74.

Zeta Global (NYSE:ZETA) last posted 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the business earned ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Equities analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZETA. B. Riley lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Oppenheimer boosted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. DA Davidson lifted their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC upped their price target on Zeta Global from $36.00 to $43.00 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares during the last quarter. State Street Corp increased its holdings in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. FMR LLC raised its position in Zeta Global by 84,132.4% in the 3rd 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 last quarter. Finally, Clearbridge Investments LLC grew its position in Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the last quarter. Institutional investors and hedge funds own 75.82% 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.