Zeta Global (NYSE:ZETA) Stock Price Up 7.1% - Here's Why

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) shares were up 7.1% during mid-day trading on Monday . The stock traded as high as $19.22 and last traded at $18.82. Approximately 4,226,434 shares traded hands during trading, an increase of 36% from the average daily volume of 3,109,907 shares. The stock had previously closed at $17.58.

Analyst Ratings Changes

Several analysts recently issued reports on ZETA shares. Canaccord Genuity Group upped their target price on Zeta Global from $35.00 to $42.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Truist Financial reiterated a "buy" rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. KeyCorp lowered Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.08.

Zeta Global Stock Performance

The company has a market cap of $4.31 billion, a P/E ratio of -27.97 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $28.44 and a two-hundred day moving average price of $22.67.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company's quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.27) EPS. On average, research analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of Zeta Global 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 acquisition, 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 disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently modified their holdings of ZETA. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the 3rd quarter valued at $26,000. Quest Partners LLC boosted its holdings in shares of Zeta Global by 1,718.9% during 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. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 75.82% 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.