Zeta Global (NYSE:ZETA) Shares Gap Down – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped down prior to trading on Friday . The stock had previously closed at $21.72, but opened at $20.84. Zeta Global shares last traded at $21.28, with a volume of 3,556,210 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZETA. Oppenheimer boosted their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Craig Hallum boosted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial reaffirmed a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. DA Davidson increased their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Three equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Trading Up 3.0 %

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 firm has a market capitalization of $5.31 billion, a PE ratio of -31.97 and a beta of 1.29. The stock’s 50-day simple moving average is $28.11 and its 200-day simple moving average is $22.85.

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

Insider Buying and Selling at Zeta Global

In other news, COO Steven H. Gerber purchased 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought 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 directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Imran Khan purchased 55,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 129,901 shares of company stock valued at $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the third quarter worth $26,000. Farther Finance Advisors LLC boosted its stake in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Covestor Ltd boosted its stake in shares of Zeta Global by 2,902.0% during the 3rd 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 last quarter. Advisors Asset Management Inc. grew its holdings in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. Finally, Quest Partners LLC lifted 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 buying an additional 2,183 shares in the last quarter. Institutional investors 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.