Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) CFO Christopher E. Greiner purchased 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were purchased 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 of the company's stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Zeta Global Stock Up 11.4 %
ZETA stock opened at $19.58 on Tuesday. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The company has a market cap of $4.31 billion, a price-to-earnings 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 business has a 50 day moving average price of $28.44 and a two-hundred day moving average price of $22.67.
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Zeta Global (NYSE:ZETA - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Zeta Global's quarterly revenue was up 42.0% on a year-over-year basis. Analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.
Institutional Investors Weigh In On Zeta Global
A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Zeta Global by 18.8% during the third 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 during the last quarter. Barclays PLC lifted its position in shares of Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after buying an additional 112,238 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Zeta Global during the 3rd quarter worth approximately $734,000. State Street Corp increased its holdings in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after acquiring an additional 892 shares during the period. 75.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on ZETA shares. Craig Hallum lifted their target price on 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 price objective on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday. B. Riley raised their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, September 30th. KeyCorp cut shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Finally, DA Davidson raised their price objective 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. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.08.
Get Our Latest Stock Analysis on Zeta Global
About Zeta Global
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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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