Zeta Global (NYSE:ZETA) Shares Gap Down – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) gapped down prior to trading on Wednesday . The stock had previously closed at $18.06, but opened at $17.60. Zeta Global shares last traded at $17.48, with a volume of 694,957 shares.

Analysts Set New Price Targets

Several brokerages have commented on ZETA. Craig Hallum raised their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Thursday, January 16th. Finally, Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Trading Down 1.6 %

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 stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of -25.55, a PEG ratio of 1.39 and a beta of 1.17. The company’s 50-day moving average is $20.04 and its 200-day moving average is $23.93.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) EPS. Research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Christopher E. Greiner bought 7,975 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC purchased a new position in Zeta Global during the 3rd quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd grew its position in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in Zeta Global in the 4th quarter valued at $66,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.