Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) COO Purchases $245,787.50 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) COO Steven H. Gerber purchased 13,250 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $23.10 on Thursday. Zeta Global Holdings Corp. has a 1-year low of $7.65 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock’s fifty day simple moving average is $28.32 and its two-hundred day simple moving average is $22.74.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the company earned ($0.27) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. Research analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZETA. Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Needham & Company LLC boosted their target price 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. Oppenheimer increased their target price 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. Finally, Royal Bank of Canada lifted their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. 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. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Institutional Trading of Zeta Global

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

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.