Zeta Global Holdings Corp. (NYSE:ZETA) CEO Purchases $1,032,726.24 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) CEO David Steinberg acquired 53,676 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Zeta Global Price Performance

Zeta Global stock traded up $2.00 during trading hours on Monday, reaching $19.58. 18,988,880 shares of the stock were exchanged, compared to its average volume of 3,175,950. The stock has a 50 day moving average of $28.44 and a two-hundred day moving average of $22.67. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The company has a market cap of $4.31 billion, a P/E ratio of -27.97 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The company's revenue was up 42.0% on a year-over-year basis. Equities analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

ZETA has been the subject of several analyst reports. Barclays boosted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada raised their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. KeyCorp lowered shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday. Finally, Needham & Company LLC increased their price objective on Zeta Global from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.08.

Institutional Trading of Zeta Global

A number of large investors have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the 3rd quarter worth $26,000. Farther Finance Advisors LLC grew its holdings in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock valued at $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd increased its position in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after acquiring an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock worth $66,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC lifted its position in Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after acquiring an additional 2,183 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.