Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg Buys 53,676 Shares

Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg purchased 53,676 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zeta Global Trading Up 11.4 %

Shares of NYSE ZETA opened at $19.58 on Tuesday. 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 Holdings Corp. has a one year low of $7.65 and a one year high of $38.20. The business has a 50-day moving average price of $28.44 and a two-hundred day moving average price of $22.67. The firm has a market capitalization of $4.31 billion, a PE ratio of -27.97 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data 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 company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. Swiss National Bank boosted its position in Zeta Global by 1.3% during the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Zeta Global by 99.3% during the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Zeta Global by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after purchasing an additional 2,236 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Zeta Global during the 1st quarter valued at about $153,000. Finally, Vanguard Group Inc. grew its stake in shares of Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after buying an additional 431,077 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZETA. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Needham & Company LLC lifted their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays increased their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their target price on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, B. Riley upped their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three equities 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, Zeta Global presently has an average rating of “Moderate Buy” and an average 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.