Zeta Global (NYSE:ZETA) Shares Gap Down – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $24.01, but opened at $23.24. Zeta Global shares last traded at $25.47, with a volume of 3,271,271 shares changing hands.

Analyst Upgrades and Downgrades

ZETA has been the subject of several analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Morgan Stanley decreased their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Finally, Bank of America lifted their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Zeta Global Price Performance

The firm has a market cap of $5.85 billion, a price-to-earnings ratio of -36.39 and a beta of 1.12. The stock’s 50-day moving average price is $27.38 and its 200 day moving average price is $23.05. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.27) EPS. Equities research analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Activity at Zeta Global

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 price of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now 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 ownership of the stock. 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 over the last quarter. Corporate insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Zeta Global by 86.0% during the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock worth $3,984,000 after buying an additional 59,311 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Zeta Global during the third quarter worth $757,000. Invst LLC bought a new stake in shares of Zeta Global during the 3rd quarter valued at about $959,000. Geode Capital Management LLC grew its position in shares of Zeta Global by 18.8% during the 3rd 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. Finally, Barclays PLC increased its stake in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares in 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.