Zeta Global (NYSE:ZETA) Trading Up 15.5% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares were up 15.5% during mid-day trading on Wednesday . The stock traded as high as $27.74 and last traded at $27.63. Approximately 3,914,647 shares traded hands during trading, an increase of 10% from the average daily volume of 3,569,205 shares. The stock had previously closed at $23.93.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZETA shares. Craig Hallum lifted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer lifted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley lowered their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada lifted their target price on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Bank of America lifted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Zeta Global Stock Performance

The stock has a market capitalization of $6.23 billion, a PE ratio of -38.71 and a beta of 1.12. The firm’s fifty day moving average is $27.15 and its 200-day moving average is $23.15. 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) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company 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 firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.27) earnings per share. As a group, research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Zeta Global news, COO Steven H. Gerber purchased 13,250 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $18.80 per share, for a total transaction 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 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 have acquired 129,901 shares of company stock worth $2,471,244 over the last three months. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. FMR LLC raised its holdings in 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. D. E. Shaw & Co. Inc. raised its holdings in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Summit Partners Public Asset Management LLC raised its holdings 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 valued at $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Zeta Global in the second quarter valued at approximately $28,698,000. Finally, Renaissance Technologies LLC raised its holdings in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 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.