By otakuyassine3@gmail.com 
Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $22.32, but opened at $21.82. Zeta Global shares last traded at $21.23, with a volume of 1,838,610 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ZETA. Morgan Stanley lowered their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Barclays raised their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial restated a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Four 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 stock. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.
Read Our Latest Analysis on ZETA
Zeta Global Stock Performance
The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The business’s fifty day moving average price is $25.73 and its two-hundred day moving average price is $23.55. The stock has a market capitalization of $4.83 billion, a P/E ratio of -29.06 and a beta of 1.12.
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 (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 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% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.
Insider Buying and Selling
In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the acquisition, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 129,901 shares of company stock worth $2,471,244 over the last three months. 25.54% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after acquiring an additional 413,577 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Zeta Global during the 3rd quarter valued at $5,644,000. Qsemble Capital Management LP acquired a new stake in shares of Zeta Global in the 3rd quarter worth $1,752,000. Victory Capital Management Inc. grew its stake in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after buying an additional 47,849 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after buying an additional 113,838 shares in the last quarter. 87.75% of the stock is owned by institutional investors.
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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