Zeta Global (NYSE:ZETA) Shares Gap Up – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped up before the market opened on Friday . The stock had previously closed at $20.20, but opened at $20.74. Zeta Global shares last traded at $21.48, with a volume of 1,845,831 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Canaccord Genuity Group raised their price target on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. B. Riley raised their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Oppenheimer raised their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Bank of America upped their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Stock Up 5.8 %

The firm has a market cap of $5.07 billion, a PE ratio of -30.60 and a beta of 1.29. The stock has a 50 day simple moving average of $27.70 and a 200-day simple moving average of $22.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company 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%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Zeta Global news, COO Steven H. Gerber acquired 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the transaction, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Steinberg bought 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock worth $2,471,244 over the last 90 days. 25.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Franklin Resources Inc. raised its stake in Zeta Global by 86.0% during the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after buying an additional 59,311 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Zeta Global in the third quarter worth $757,000. Invst LLC purchased a new stake in Zeta Global during the third quarter valued at $959,000. Geode Capital Management LLC increased its position in Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after acquiring an additional 674,192 shares during the last quarter. Finally, Barclays PLC lifted its holdings 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 acquiring an additional 112,238 shares during the period. 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.