Zeta Global (NYSE:ZETA) Trading Down 4.4% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA) shares dropped 4.4% during trading on Monday . The company traded as low as $18.52 and last traded at $18.54. Approximately 1,535,523 shares changed hands during trading, a decline of 60% from the average daily volume of 3,821,748 shares. The stock had previously closed at $19.40.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZETA shares. Canaccord Genuity Group lifted their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on shares of 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. Truist Financial restated a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, DA Davidson lifted their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Price Performance

The company’s fifty day moving average is $24.45 and its two-hundred day moving average is $23.65. 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 $4.45 billion, a price-to-earnings ratio of -26.77 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last issued 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). 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 quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.27) EPS. Equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Activity

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the acquisition, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global in the 3rd quarter worth approximately $26,000. Quest Partners LLC increased its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.