Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) saw unusually-high trading volume on Monday . Approximately 1,854,266 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 3,382,715 shares.The stock last traded at $21.57 and had previously closed at $22.38.

Analysts Set New Price Targets

ZETA has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Needham & Company LLC lifted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Craig Hallum raised their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Three 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Stock Down 5.8 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of -30.33 and a beta of 1.29. The firm has a fifty day moving average price of $28.11 and a 200 day moving average price of $22.90.

Zeta Global (NYSE:ZETA) last announced 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). 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 during the quarter, compared to analyst estimates of $252.68 million. During the same quarter last year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, 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 transaction, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Imran Khan acquired 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock worth $2,471,244 in the last quarter. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of ZETA. Wolff Wiese Magana LLC purchased a new position in shares of Zeta Global during the 3rd quarter worth about $26,000. Quest Partners LLC raised its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other 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.