Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume – Should You Buy?

by · The Cerbat Gem

Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 4,191,149 shares changed hands during trading, an increase of 9% from the previous session’s volume of 3,834,140 shares.The stock last traded at $17.71 and had previously closed at $18.97.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent research reports. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group raised their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.86.

View Our Latest Stock Analysis on ZETA

Zeta Global Stock Performance

The company has a market cap of $4.11 billion, a price-to-earnings ratio of -24.71 and a beta of 1.12. 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 company has a fifty day moving average of $23.98 and a two-hundred day moving average of $23.59.

Zeta Global (NYSE:ZETA – Get Free Report) last released 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 firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’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. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Buying and Selling at Zeta Global

In other news, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price 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 $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was purchased 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. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC grew its stake in Zeta Global by 3,885.7% in the third 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 period. Covestor Ltd increased its holdings in shares of Zeta Global by 2,902.0% during the third 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. raised its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

About Zeta Global

(Get Free Report)

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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