Zeta Global (NYSE:ZETA) Shares Up 5.6% – Still a Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) rose 5.6% on Thursday . The company traded as high as $18.95 and last traded at $18.90. Approximately 1,656,977 shares changed hands during trading, a decline of 59% from the average daily volume of 4,007,072 shares. The stock had previously closed at $17.89.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZETA. Needham & Company LLC restated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a report on Thursday. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. B. Riley boosted their target price on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Canaccord Genuity Group increased their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

The stock has a 50 day simple moving average of $21.27 and a two-hundred day simple moving average of $23.81. 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 cap of $4.48 billion, a PE ratio of -26.95, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

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 the consensus estimate 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 firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the firm earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. Sell-side analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Activity

In other Zeta Global news, CEO David Steinberg acquired 53,676 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the purchase, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock worth $2,471,244 in the last ninety days. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of ZETA. FMR LLC lifted its position in shares of 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 acquiring an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC grew its stake in 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 valued at $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Zeta Global by 85.4% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 87.75% 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.