Zeta Global Holdings Corp. (NYSE:ZETA) CEO Purchases $1,032,726.24 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Zeta Global Price Performance

NYSE ZETA traded up $2.39 during trading on Monday, hitting $19.97. 13,079,665 shares of the stock traded hands, compared to its average volume of 3,149,608. The firm has a 50-day simple moving average of $28.57 and a 200-day simple moving average of $22.62. The company has a market capitalization of $4.39 billion, a P/E ratio of -26.87 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last released its earnings results 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 net margin of 13.35% and a negative return on equity of 45.22%. The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the company posted ($0.27) EPS. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in ZETA. Geode Capital Management LLC raised its stake in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares during the last quarter. Barclays PLC boosted its position in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after buying an additional 112,238 shares during the last quarter. National Bank of Canada FI purchased a new stake in Zeta Global in the third quarter valued at approximately $734,000. State Street Corp raised its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Zeta Global by 4.2% in 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. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZETA shares. Craig Hallum increased their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial reissued a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Royal Bank of Canada lifted their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Needham & Company LLC lifted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three research 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

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.