Zeta Global (NYSE:ZETA) Trading Down 4.4% – Should You Sell?

Zeta Global Holdings Corp. (NYSE:ZETA) shares dropped 4.4% during mid-day trading on Monday . The company traded as low as $18.52 and last traded at $18.54. Approximately 1,535,523 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 3,821,748 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ZETA shares. Morgan Stanley lowered their target price on shares of 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. The Goldman Sachs Group began coverage on Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Roth Mkm increased their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Four research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Stock Performance

The stock’s 50 day moving average price is $24.96 and its 200 day moving average price is $23.62. 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 firm has a market cap of $4.53 billion, a PE ratio of -27.27 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 prior year, the firm earned ($0.27) EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were bought at an average price of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Imran Khan purchased 55,000 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock worth $2,471,244 over the last 90 days. Company insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in shares of Zeta Global by 236.3% in the 2nd quarter. Raymond James & Associates now owns 79,289 shares of the company’s stock worth $1,399,000 after buying an additional 55,709 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Zeta Global by 112.0% during the second quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock valued at $3,074,000 after purchasing an additional 92,020 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Zeta Global by 38.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company’s stock worth $10,790,000 after purchasing an additional 171,001 shares during the period. SlateStone Wealth LLC lifted its holdings in shares of Zeta Global by 24.5% in the 2nd quarter. SlateStone Wealth LLC now owns 15,424 shares of the company’s stock worth $272,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. acquired a new position in Zeta Global during the 2nd quarter valued at approximately $554,000. Institutional investors and hedge funds own 87.75% 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.