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

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $18.06, but opened at $17.60. Zeta Global shares last traded at $17.48, with a volume of 694,957 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on ZETA shares. DA Davidson upped their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Craig Hallum lifted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley lowered their target price on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Finally, KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four 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 stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Trading Up 1.9 %

The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $19.87 and a two-hundred day moving average price of $23.85.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business 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 firm’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the company earned ($0.27) earnings per share. Research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Buying and Selling

In other Zeta Global news, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.55 per share, for a total transaction of $245,787.50. Following 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Steinberg acquired 53,676 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the transaction, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock valued at $2,471,244 over the last ninety days. Company insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZETA. Wolff Wiese Magana LLC purchased a new stake in Zeta Global in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC raised its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 104.1% in 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 in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Zeta Global in the fourth quarter worth $66,000. Institutional investors and hedge funds own 87.75% 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.