Zeta Global (NYSE:ZETA) Trading Up 8.6% – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price was up 8.6% on Thursday . The company traded as high as $23.99 and last traded at $23.14. Approximately 2,438,799 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 4,321,854 shares. The stock had previously closed at $21.31.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZETA shares. Barclays upped their price target on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Craig Hallum increased their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley cut their price target on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, 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 price target on the stock. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Trading Up 7.5 %

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $19.47 and its two-hundred day simple moving average is $23.85. The stock has a market capitalization of $5.44 billion, a P/E ratio of -32.67, a P/E/G ratio of 1.54 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last issued its quarterly 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 company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the company earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the purchase, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 129,901 shares of company stock valued at $2,471,244 in the last ninety days. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in ZETA. Vanguard Group Inc. increased its position in Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Renaissance Technologies LLC increased its position in Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC increased its position in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after acquiring an additional 306,592 shares in the last quarter. Finally, State Street Corp increased its position in Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.