Zeta Global (NYSE:ZETA) Shares Gap Down – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETAGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.06, but opened at $17.60. Zeta Global shares last traded at $17.48, with a volume of 694,957 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada decreased their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $37.43.

Check Out Our Latest Stock Report on Zeta Global

Zeta Global Stock Down 1.6 %

The company has a market capitalization of $4.22 billion, a PE ratio of -25.55, a PEG ratio of 1.39 and a beta of 1.17. The company’s 50 day moving average is $20.04 and its two-hundred day moving average is $23.93. 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 (NYSE:ZETAGet Free Report) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 during the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the business posted ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Steven H. Gerber bought 13,250 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price 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 in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Imran Khan bought 55,000 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock valued at $2,471,244 in the last ninety days. 25.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mill Creek Capital Advisors LLC acquired a new stake in shares of Zeta Global during the fourth quarter worth $3,954,000. Stephens Investment Management Group LLC lifted its holdings in shares of Zeta Global by 219.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company’s stock worth $14,791,000 after purchasing an additional 564,830 shares during the period. Entropy Technologies LP boosted its position in Zeta Global by 45.5% in the fourth quarter. Entropy Technologies LP now owns 36,045 shares of the company’s stock valued at $648,000 after buying an additional 11,270 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after buying an additional 636 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in Zeta Global by 23.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 53,771 shares of the company’s stock worth $967,000 after buying an additional 10,382 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

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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.

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