Zeta Global (NYSE:ZETA) Trading Down 4% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price dropped 4% during trading on Monday . The company traded as low as $24.31 and last traded at $25.14. Approximately 1,799,028 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 3,646,196 shares. The stock had previously closed at $26.18.

Wall Street Analyst Weigh In

ZETA has been the subject of several recent analyst reports. Canaccord Genuity Group increased their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Craig Hallum boosted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley cut their price objective on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Stock 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 stock has a market cap of $5.68 billion, a P/E ratio of -34.36 and a beta of 1.12. The stock has a 50 day simple moving average of $26.94 and a 200 day simple moving average of $23.32.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data 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 net margin of 13.35% and a negative return on equity of 45.22%. The firm 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) earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Imran Khan bought 55,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction 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. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

Institutional Trading of Zeta Global

Hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global during the third quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in Zeta Global by 2,902.0% in 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 in the last quarter. Advisors Asset Management Inc. grew its stake in Zeta Global by 104.1% in the third 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, Quest Partners LLC increased its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares in the last quarter. Institutional investors 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.