Zeta Global (NYSE:ZETA) Shares Gap Down – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped down prior to trading on Monday . The stock had previously closed at $22.32, but opened at $21.82. Zeta Global shares last traded at $21.23, with a volume of 1,838,610 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays boosted 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. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research note on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. DA Davidson upped 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, 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, November 15th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Price Performance

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 50 day moving average price is $25.73 and its two-hundred day moving average price is $23.55. The stock has a market cap of $4.83 billion, a P/E ratio of -29.06 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In related news, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Steven H. Gerber purchased 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the purchase, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock valued at $2,471,244 in the last three months. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the third quarter valued at $26,000. Farther Finance Advisors LLC increased its holdings in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd raised its position in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. boosted its stake 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 acquiring an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

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.