Zeta Global (NYSE:ZETA) Shares Up 8.1% – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price rose 8.1% during mid-day trading on Thursday . The stock traded as high as $20.23 and last traded at $20.30. Approximately 2,265,079 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 3,822,632 shares. The stock had previously closed at $18.78.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZETA. Barclays lifted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Craig Hallum lifted their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Four equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Trading Up 11.0 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of -29.55, a P/E/G ratio of 1.35 and a beta of 1.17. The business’s 50 day moving average is $19.66 and its 200 day moving average is $23.83.

Zeta Global (NYSE:ZETA) last posted its 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 for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the previous year, the firm earned ($0.27) EPS. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Steven H. Gerber bought 13,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This represents a 0.45 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last 90 days. 25.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new position in Zeta Global in the 3rd quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd raised its stake in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Zeta Global during the fourth quarter valued at about $33,000. Finally, Advisors Asset Management Inc. grew its holdings in 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 acquiring an additional 1,136 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

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.