Zeta Global (NYSE:ZETA) Shares Gap Down – Here’s What Happened

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) gapped down prior to trading on Friday . The stock had previously closed at $21.72, but opened at $20.84. Zeta Global shares last traded at $21.28, with a volume of 3,556,210 shares changing hands.

Analyst Ratings Changes

ZETA has been the subject of a number of research analyst reports. B. Riley boosted their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada raised their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. 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, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Stock Performance

The company has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $22.73. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (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 the consensus estimate of $252.68 million. During the same quarter last year, the business earned ($0.27) earnings per share. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Transactions at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the transaction, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Steven H. Gerber bought 13,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following 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 90 days, insiders have bought 129,901 shares of company stock worth $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Several large investors have recently modified their holdings of ZETA. Juncture Wealth Strategies LLC lifted its position in shares of Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares during the period. Essex Investment Management Co. LLC increased its stake in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global during the third quarter valued at about $26,000. HighTower Advisors LLC boosted its position in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.