Zeta Global Holdings Corp. (NYSE:ZETA) COO Purchases $245,787.50 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) COO Steven H. Gerber purchased 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought 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 directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zeta Global Stock Performance

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

Zeta Global (NYSE:ZETA) last released 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). The company had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. Sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZETA. Canaccord Genuity Group raised their price target on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Roth Mkm increased their price target on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada increased their target price on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $39.08.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC raised its stake in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd grew its stake in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors.

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.