Zeta Global (NYSE:ZETA) Trading Up 8.1% - Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s stock price shot up 8.1% on Thursday . The company traded as high as $20.23 and last traded at $20.30. 2,265,079 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 3,822,632 shares. The stock had previously closed at $18.78.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Morgan Stanley decreased their target price on shares of Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, KeyCorp cut Zeta Global from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.43.

Zeta Global Stock Up 1.9 %

The business has a 50-day moving average price of $19.63 and a 200 day moving average price of $23.87. The stock has a market capitalization of $5.14 billion, a P/E ratio of -30.91, a P/E/G ratio of 1.54 and a beta of 1.17. 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 (NYSE:ZETA - Get Free Report) last issued 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). The business had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business's quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share. On average, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the purchase, the director now owns 55,000 shares of the company's stock, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven H. Gerber acquired 13,250 shares of the business's stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock worth $2,471,244 over the last quarter. Insiders own 25.54% of the company's stock.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC grew its stake in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $127,302,000 after buying an additional 674,192 shares in the last quarter. State Street Corp increased its stake in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock valued at $124,900,000 after buying an additional 455,944 shares during the period. FMR LLC raised its holdings 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. Finally, Summit Partners Public Asset Management LLC lifted its stake in 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 worth $74,978,000 after acquiring an additional 1,703,679 shares during the period. 87.75% of the stock is currently owned by institutional investors.

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.