Insider Buying: Zeta Global Holdings Corp. (NYSE:ZETA) CEO Purchases $1,032,726.24 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg purchased 53,676 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Zeta Global Stock Performance

NYSE:ZETA opened at $23.10 on Thursday. 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 business has a fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $22.74. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20. The company has a market capitalization of $5.08 billion, a P/E ratio of -33.00 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm 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%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) earnings per share. On average, analysts expect that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

ZETA has been the topic of several recent research reports. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Royal Bank of Canada raised their target price on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Morgan Stanley dropped their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. B. Riley raised their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Bank of America lifted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Juncture Wealth Strategies LLC boosted its stake 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 buying an additional 634 shares during the period. Essex Investment Management Co. LLC boosted its stake in Zeta Global by 0.3% during the third 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 during the third quarter valued at $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 valued at $668,000 after buying an additional 892 shares during the period. Finally, Amalgamated Bank boosted its stake 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 buying an additional 948 shares during the period. 75.82% of the stock is currently owned by hedge funds and other 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.