Zeta Global (NYSE:ZETA) Stock Price Up 5.6% – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price shot up 5.6% during trading on Thursday . The company traded as high as $18.95 and last traded at $18.90. 1,656,977 shares changed hands during trading, a decline of 59% from the average session volume of 4,007,072 shares. The stock had previously closed at $17.89.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZETA shares. Truist Financial reissued a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Royal Bank of Canada lowered their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Barclays increased their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, B. Riley raised their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Four 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Trading Down 1.4 %

The company’s fifty day moving average is $20.62 and its two-hundred day moving average is $23.77. 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 market cap of $4.41 billion, a price-to-earnings ratio of -26.51, a P/E/G ratio of 1.28 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS 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 company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the company posted ($0.27) EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insiders Place Their Bets

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 129,901 shares of company stock worth $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its stake in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares during the last quarter. State Street Corp increased its stake in shares of Zeta Global by 12.2% in 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. FMR LLC increased its stake in shares of Zeta Global by 84,132.4% in the 3rd 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 last quarter. Finally, Summit Partners Public Asset Management LLC increased its stake in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.