Zeta Global Holdings Corp. (NYSE:ZETA) Director Imran Khan Purchases 55,000 Shares

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) Director Imran Khan bought 55,000 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Zeta Global Stock Performance

Zeta Global stock traded up $2.00 during mid-day trading on Monday, reaching $19.58. 18,988,880 shares of the company traded hands, compared to its average volume of 3,175,950. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -27.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm's fifty day moving average is $28.44 and its two-hundred day moving average is $22.67. Zeta Global Holdings Corp. has a fifty-two week low of $7.65 and a fifty-two week high of $38.20.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The firm's quarterly revenue was up 42.0% compared to the same quarter last year. On average, equities research analysts expect that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on ZETA shares. Royal Bank of Canada boosted 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. Truist Financial restated a "buy" rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Needham & Company LLC upped their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Roth Mkm lifted their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and a consensus price target of $39.08.

Institutional Trading of Zeta Global

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in Zeta Global during the 3rd quarter worth approximately $5,644,000. Harbour Capital Advisors LLC acquired a new stake in shares of Zeta Global during the third quarter worth about $769,000. Riggs Asset Managment Co. Inc. grew its position in Zeta Global by 142.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company's stock valued at $2,267,000 after buying an additional 44,596 shares during the last quarter. Stephens Inc. AR acquired a new position in Zeta Global during the 3rd quarter worth approximately $1,634,000. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of Zeta Global in the third quarter valued at about $7,676,000. 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.