Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) saw strong trading volume on Friday . 4,191,149 shares changed hands during trading, an increase of 9% from the previous session’s volume of 3,834,140 shares.The stock last traded at $17.71 and had previously closed at $18.97.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZETA. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Craig Hallum increased their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Roth Mkm upped their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley cut their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Price Performance

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 company has a fifty day moving average price of $23.98 and a two-hundred day moving average price of $23.59. The firm has a market cap of $4.11 billion, a P/E ratio of -24.71 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last issued 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. Equities analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Transactions at Zeta Global

In related news, CFO Christopher E. Greiner purchased 7,975 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Empowered Funds LLC acquired a new position in shares of Zeta Global during the 3rd quarter worth approximately $5,644,000. Qsemble Capital Management LP bought a new stake in Zeta Global in the 3rd quarter valued at $1,752,000. Victory Capital Management Inc. lifted its holdings in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after purchasing an additional 47,849 shares during the last quarter. Finally, Barclays PLC boosted its position in Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. 87.75% of the stock is owned by institutional investors.

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.