Zeta Global (NYSE:ZETA) Shares Gap Up – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) gapped up before the market opened on Friday . The stock had previously closed at $20.20, but opened at $20.74. Zeta Global shares last traded at $21.48, with a volume of 1,845,831 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on ZETA shares. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Barclays lifted their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Roth Mkm upped their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley lowered their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Trading Up 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 company has a market capitalization of $5.07 billion, a PE ratio of -30.60 and a beta of 1.29. The stock has a fifty day moving average of $27.70 and a 200 day moving average of $22.95.

Zeta Global (NYSE:ZETA) last released its 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). The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) EPS. As a group, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock valued at $2,471,244 in the last 90 days. Insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Juncture Wealth Strategies LLC raised its position in Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares during the period. Essex Investment Management Co. LLC raised its holdings in Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares during the period. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the third quarter worth $26,000. HighTower Advisors LLC boosted its stake in Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after buying an additional 892 shares during the period. Finally, Amalgamated Bank increased its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

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.