Zeta Global (NYSE:ZETA) Trading 4.3% Higher – Time to Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) traded up 4.3% during trading on Friday . The stock traded as high as $22.86 and last traded at $22.67. 3,329,290 shares changed hands during trading, a decline of 11% from the average session volume of 3,746,013 shares. The stock had previously closed at $21.73.

Analysts Set New Price Targets

Several equities analysts recently commented on ZETA shares. Morgan Stanley cut their price target on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Tuesday. Oppenheimer increased their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Craig Hallum upped their price target 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. 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 investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Trading Up 3.2 %

The company’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $23.37. 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 posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (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 during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. On average, research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, with a total value 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 disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Raymond James & Associates raised its stake in shares of Zeta Global by 236.3% during 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. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Zeta Global in the second quarter valued at $394,000. Washington Capital Management Inc. acquired a new stake in Zeta Global during the 2nd quarter valued at $401,000. Calamos Advisors LLC lifted its holdings in Zeta Global by 112.0% in the 2nd quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock worth $3,074,000 after buying an additional 92,020 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Zeta Global by 38.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company’s stock valued at $10,790,000 after buying an additional 171,001 shares during the last quarter. Hedge funds and other 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.