Zeta Global (NYSE:ZETA) Sees Large Volume Increase on Insider Buying Activity

Zeta Global Holdings Corp. (NYSE:ZETA) saw unusually-strong trading volume on Tuesday after an insider bought additional shares in the company. Approximately 2,527,929 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 3,173,435 shares.The stock last traded at $20.54 and had previously closed at $19.58.

Specifically, CEO David Steinberg purchased 53,676 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley decreased their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday. Royal Bank of Canada increased their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Craig Hallum upped their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Performance

The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $28.44 and its 200 day simple moving average is $22.67.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $252.68 million. During the same period in the prior year, the business posted ($0.27) earnings per share. Zeta Global’s revenue was up 42.0% on a year-over-year basis. As a group, equities analysts expect that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares during the period. State Street Corp raised its holdings 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 buying an additional 455,944 shares during the period. FMR LLC grew its stake in shares of Zeta Global by 84,132.4% in the third 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 in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after acquiring an additional 77,962 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.