Zeta Global (NYSE:ZETA) Stock Price Up 7.1% on Insider Buying Activity

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price was up 7.1% during trading on Monday following insider buying activity. The stock traded as high as $19.22 and last traded at $18.82. Approximately 4,226,434 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 3,109,907 shares. The stock had previously closed at $17.58.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ZETA. Canaccord Genuity Group upped 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. Truist Financial reaffirmed a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Morgan Stanley cut their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, B. Riley lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Price Performance

The stock has a market cap of $4.85 billion, a PE ratio of -31.49 and a beta of 1.29. The company has a 50-day simple moving average of $28.38 and a 200-day simple moving average of $22.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last announced 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the firm earned ($0.27) EPS. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. Sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. Juncture Wealth Strategies LLC grew its position in shares of Zeta Global by 3.1% in the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Zeta Global in the 3rd quarter worth about $26,000. HighTower Advisors LLC increased its holdings in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Amalgamated Bank raised its position in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. Hedge funds and other institutional investors 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.