Zeta Global (NYSE:ZETA) Shares Gap Up Following Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped up prior to trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from $24.00 to $28.00. The stock had previously closed at $22.02, but opened at $22.85. Canaccord Genuity Group currently has a buy rating on the stock. Zeta Global shares last traded at $23.84, with a volume of 6,798,396 shares traded.

ZETA has been the topic of a number of other reports. Royal Bank of Canada increased their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Oppenheimer upped their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Craig Hallum boosted their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling at Zeta Global

In related news, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after purchasing an additional 431,077 shares during the last quarter. Geode Capital Management LLC raised its stake in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after buying an additional 674,192 shares during the last quarter. State Street Corp lifted 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 valued at $124,900,000 after buying an additional 455,944 shares during the period. FMR LLC grew its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC increased its position in Zeta Global by 210.4% during 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 during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

The company has a market cap of $5.08 billion, a P/E ratio of -33.00 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 fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $22.74.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the previous year, the business posted ($0.27) earnings per share. The firm’s revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Zeta Global Company Profile

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.