Zeta Global (NYSE:ZETA) Shares Gap Up Following Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from $24.00 to $28.00. The stock had previously closed at $22.02, but opened at $22.85. Canaccord Genuity Group currently has a buy rating on the stock. Zeta Global shares last traded at $23.84, with a volume of 6,798,396 shares.

Other research analysts also recently issued reports about the stock. Oppenheimer raised their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Roth Mkm lifted their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley decreased their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. DA Davidson lifted their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum lifted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling at Zeta Global

In other news, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the acquisition, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.55 per share, with a total value 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. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock worth $2,471,244 over the last three months. Company insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Juncture Wealth Strategies LLC increased its position 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 purchasing an additional 634 shares during the period. Essex Investment Management Co. LLC increased its position in shares of 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 buying an additional 856 shares during the period. Wolff Wiese Magana LLC bought a new position in Zeta Global in the third quarter worth about $26,000. HighTower Advisors LLC lifted its holdings in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after buying an additional 892 shares during the period. Finally, Amalgamated Bank boosted its position in 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 acquiring an additional 948 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

Zeta Global Price Performance

The stock has a market cap of $5.24 billion, a PE ratio of -35.23 and a beta of 1.29. The business has a fifty day simple moving average of $28.38 and a two-hundred day simple moving average of $22.73. 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 (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (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 the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) EPS. Research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

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.