Zeta Global (NYSE:ZETA) Shares Up 5.6% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s stock price shot up 5.6% during mid-day trading on Thursday . The stock traded as high as $18.95 and last traded at $18.90. 1,656,977 shares traded hands during trading, a decline of 59% from the average session volume of 4,007,072 shares. The stock had previously closed at $17.89.

Wall Street Analyst Weigh In

ZETA has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday. KeyCorp downgraded shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Craig Hallum raised their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a report on Thursday. Finally, Oppenheimer increased their price target on Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Four 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $37.43.

Zeta Global Stock Performance

The company has a market capitalization of $4.48 billion, a P/E ratio of -26.95, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The business has a 50 day moving average of $21.27 and a 200 day moving average of $23.81. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its earnings results 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). The business had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period last year, the business posted ($0.27) earnings per share. On average, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Activity

In related news, Director Imran Khan purchased 55,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now owns 55,000 shares of the company's stock, valued at approximately $1,042,800. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the company's stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company's stock, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. JPMorgan Chase & Co. raised its stake in shares of Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after acquiring an additional 293,583 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company's stock worth $51,980,000 after buying an additional 413,577 shares during the period. Empowered Funds LLC bought a new position in shares of Zeta Global during the 3rd quarter worth $5,644,000. Qsemble Capital Management LP purchased a new position in shares of Zeta Global during the third quarter valued at $1,752,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company's stock valued at $2,048,000 after acquiring an additional 47,849 shares in the last quarter. Institutional investors own 87.75% 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.

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