Zeta Global (NYSE:ZETA) Shares Gap Up on Analyst Upgrade

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped up before the market opened on Wednesday after Canaccord Genuity Group raised their price target on the stock from $24.00 to $28.00. The stock had previously closed at $22.02, but opened at $22.85. Canaccord Genuity Group currently has a buy rating on the stock. Zeta Global shares last traded at $23.84, with a volume of 6,798,396 shares changing hands.

Several other equities analysts have also recently weighed in on ZETA. Morgan Stanley cut their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Craig Hallum boosted their price target 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. Royal Bank of Canada lifted their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. DA Davidson increased their price target 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. Finally, Barclays boosted their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Three 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 company’s stock. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % 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 three months. 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. FMR LLC grew its stake in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in shares of Zeta Global by 210.4% during 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 in the last quarter. William Blair Investment Management LLC purchased a new stake in Zeta Global during the second quarter valued at approximately $28,698,000. Finally, Renaissance Technologies LLC boosted its stake in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Up 4.9 %

The company’s fifty day simple moving average is $28.32 and its 200-day simple moving average is $22.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $5.08 billion, a PE ratio of -33.00 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS 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 business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter last year, the business posted ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts forecast that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

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.