Zeta Global (NYSE:ZETA) Trading 8.1% Higher – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) shares were up 8.1% during trading on Thursday . The stock traded as high as $20.23 and last traded at $20.30. Approximately 2,265,079 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 3,822,632 shares. The stock had previously closed at $18.78.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DA Davidson raised their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada lowered their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Barclays lifted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Stock Performance

The firm has a fifty day moving average price of $19.68 and a 200 day moving average price of $23.82. The stock has a market cap of $5.04 billion, a PE ratio of -30.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.27) earnings per share. Research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Zeta Global

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price 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 $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock valued at $2,471,244 over the last 90 days. Corporate insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the period. Summit Partners Public Asset Management LLC grew its holdings in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the period. Battery Management Corp. purchased a new stake in shares of Zeta Global in the fourth quarter valued at about $15,954,000. Finally, Geode Capital Management LLC boosted its stake in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after acquiring an additional 674,192 shares during the last quarter. 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.