Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) COO Purchases 13,250 Shares of Stock

Zeta Global Holdings Corp. (NYSE:ZETA) COO Steven H. Gerber acquired 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the acquisition, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. The trade was a 0.45 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Zeta Global Stock Up 11.4 %

Shares of ZETA opened at $19.58 on Tuesday. 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 50-day simple moving average of $28.44 and a 200-day simple moving average of $22.67. Zeta Global Holdings Corp. has a 52 week low of $7.65 and a 52 week high of $38.20. The firm has a market capitalization of $4.31 billion, a P/E ratio of -27.97 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.27) EPS. On average, equities research analysts expect that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZETA shares. Needham & Company LLC raised their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays boosted their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Oppenheimer boosted their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares during the period. 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. State Street Corp grew 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 valued at $124,900,000 after purchasing an additional 455,944 shares during the period. FMR LLC raised its holdings 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 buying an additional 3,557,119 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after buying an additional 77,962 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.