Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) COO Acquires 13,250 Shares of Stock

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) COO Steven H. Gerber bought 13,250 shares of the business's stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the purchase, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Zeta Global Stock Up 11.4 %

Zeta Global stock traded up $2.00 during trading hours on Monday, hitting $19.58. The company had a trading volume of 18,988,880 shares, compared to its average volume of 3,175,950. The firm's fifty day moving average is $28.44 and its 200-day moving average is $22.67. The firm has a market capitalization of $4.31 billion, a P/E ratio of -27.97 and a beta of 1.29. Zeta Global Holdings Corp. has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. 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 - Get Free Report) last announced 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 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 analysts' expectations of $252.68 million. During the same quarter in the prior year, the business posted ($0.27) earnings per share. Zeta Global's revenue was up 42.0% on a year-over-year basis. On average, research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Zeta Global by 2.6% during 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Zeta Global by 18.8% during the 3rd 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 in the last quarter. State Street Corp lifted its stake 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 purchasing an additional 455,944 shares during the last quarter. FMR LLC boosted its holdings in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Zeta Global by 2.6% during 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. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZETA. Canaccord Genuity Group upped their price target on Zeta Global from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Truist Financial reaffirmed a "buy" rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. B. Riley boosted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada lifted their price target on Zeta Global from $33.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Three 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. According to MarketBeat.com, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.08.

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.