Zeta Global (NYSE:ZETA) Shares Down 4.4% – Time to Sell?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) were down 4.4% on Monday . The stock traded as low as $18.52 and last traded at $18.54. Approximately 1,535,523 shares were traded during trading, a decline of 60% from the average daily volume of 3,821,748 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZETA shares. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. B. Riley lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Tuesday, December 10th. Finally, Craig Hallum increased their price target on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Stock Performance

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 has a 50 day moving average of $24.45 and a two-hundred day moving average of $23.65. The stock has a market cap of $4.45 billion, a PE ratio of -26.77 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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%. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Research analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan bought 55,000 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the director now owns 55,000 shares in the company, valued at $1,042,800. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $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. Insiders acquired a total of 129,901 shares of company stock worth $2,471,244 in the last 90 days. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the third quarter worth $26,000. Farther Finance Advisors LLC grew its stake in Zeta Global by 3,885.7% in 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 during the last quarter. Covestor Ltd increased its holdings in 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. Advisors Asset Management Inc. lifted its holdings in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the last quarter. Institutional investors and hedge funds 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.