Zeta Global (NYSE:ZETA) Sees Large Volume Increase – Should You 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.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. DA Davidson upped their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Barclays increased their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC boosted their price objective on shares of Zeta Global from $36.00 to $43.00 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Stock Down 5.9 %

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 company’s 50 day moving average price is $28.00 and its two-hundred day moving average price is $22.93.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results 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 firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the business posted ($0.27) EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Transactions at Zeta Global

In other news, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.55 per share, with a total value 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 approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after purchasing an additional 431,077 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares during the period. State Street Corp grew its holdings in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after buying an additional 455,944 shares during the last quarter. FMR LLC increased its position in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after acquiring an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its stake in Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. Institutional investors and hedge funds own 75.82% 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.