Zeta Global Holdings Corp. (NYSE:ZETA) COO Steven H. Gerber Buys 13,250 Shares of Stock

Zeta Global Holdings Corp. (NYSE:ZETA) COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the acquisition, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Zeta Global Stock Performance

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

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

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. Juncture Wealth Strategies LLC grew its stake in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter valued at approximately $26,000. HighTower Advisors LLC lifted 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 buying an additional 892 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ZETA. Morgan Stanley lowered their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday. Barclays raised their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada increased their price target on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Roth Mkm boosted their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.08.

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.