David Steinberg Purchases 53,676 Shares of Zeta Global Holdings Corp. (NYSE:ZETA) Stock

Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $19.58 on Tuesday. The business’s 50 day moving average is $28.44 and its 200-day moving average is $22.67. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.31 billion, a PE ratio of -27.97 and a beta of 1.29. Zeta Global Holdings Corp. has a 1-year low of $7.65 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results 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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) EPS. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays upped their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley decreased their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday. Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Craig Hallum boosted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Barclays PLC lifted its position in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after buying an additional 112,238 shares during the period. National Bank of Canada FI acquired a new stake in Zeta Global in the 3rd quarter valued at $734,000. State Street Corp grew its position in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. Finally, HighTower Advisors LLC raised its stake in Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.