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

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price shot up 7.1% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $19.22 and last traded at $18.82. 4,226,434 shares traded hands during mid-day trading, an increase of 36% from the average session 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 that occurred on Monday, November 18th. The stock was bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. In other news, CFO Christopher E. Greiner acquired 7,975 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a 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 report on Tuesday, October 1st. Craig Hallum boosted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC boosted their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Price Performance

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

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the business earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. Research analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Institutional Trading of Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. FMR LLC lifted its position 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 acquiring an additional 3,557,119 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of 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 purchasing an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC increased its holdings in shares of 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 valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the second quarter valued at approximately $28,698,000. Finally, Renaissance Technologies LLC increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors 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.