Zeta Global Holdings Corp. (NASDAQ:ZETA) Director Robert H. Niehaus Sells 9,212 Shares

Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) Director Robert H. Niehaus sold 9,212 shares of Zeta Global stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $9.00, for a total transaction of $82,908.00. Following the transaction, the director now directly owns 16,301,990 shares in the company, valued at $146,717,910. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zeta Global Stock Down 1.4 %

Shares of Zeta Global stock traded down $0.13 during trading on Wednesday, hitting $8.85. 1,027,402 shares of the company’s stock were exchanged, compared to its average volume of 710,869. Zeta Global Holdings Corp. has a 52-week low of $4.09 and a 52-week high of $13.46. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $8.51 and a 200-day simple moving average of $7.41.

Zeta Global (NASDAQ:ZETA – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.10). The company had revenue of $152.25 million for the quarter, compared to analyst estimates of $140.74 million. Zeta Global had a negative return on equity of 280.60% and a negative net margin of 52.41%. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -1.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZETA. Morgan Stanley raised their target price on shares of Zeta Global from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 19th. B. Riley began coverage on Zeta Global in a report on Friday, December 9th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Credit Suisse Group began coverage on shares of Zeta Global in a research report on Monday, November 21st. They issued a “neutral” rating and a $9.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Zeta Global by 3.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,646 shares of the company’s stock worth $397,000 after acquiring an additional 1,646 shares in the last quarter. Quent Capital LLC boosted its position in Zeta Global by 19.1% during the fourth quarter. Quent Capital LLC now owns 24,901 shares of the company’s stock worth $203,000 after purchasing an additional 4,000 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Zeta Global in the fourth quarter valued at approximately $150,000. Bank of New York Mellon Corp increased its position in shares of Zeta Global by 320.9% in the third quarter. Bank of New York Mellon Corp now owns 331,359 shares of the company’s stock valued at $2,190,000 after buying an additional 252,626 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Zeta Global by 237.5% during the 3rd quarter. California State Teachers Retirement System now owns 136,483 shares of the company’s stock valued at $902,000 after buying an additional 96,042 shares in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

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. Its 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.