Zeta Global (NYSE:ZETA) Sees Unusually-High Trading Volume After Insider Buying Activity

Zeta Global Holdings Corp. (NYSE:ZETA) shares saw strong trading volume on Tuesday after an insider bought additional shares in the company. 2,527,929 shares traded hands during trading, a decline of 20% from the previous session’s volume of 3,173,435 shares.The stock last traded at $20.54 and had previously closed at $19.58.

Specifically, CEO David Steinberg bought 53,676 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of Zeta Global 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 completion of the acquisition, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the acquisition, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZETA. Canaccord Genuity Group raised their price target on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Roth Mkm lifted their target price on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. B. Riley increased their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.08.

Zeta Global Stock Performance

The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of -31.49 and a beta of 1.29. The company has a 50 day moving average price of $28.38 and a 200 day moving average price of $22.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the business posted ($0.27) EPS. Equities research analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Invst LLC bought a new position in shares of Zeta Global in the third quarter valued at approximately $959,000. Geode Capital Management LLC raised its position in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after buying an additional 674,192 shares during the last quarter. Barclays PLC lifted its stake in Zeta Global by 36.4% during the 3rd 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 in the last quarter. National Bank of Canada FI purchased a new position in Zeta Global during the 3rd quarter worth $734,000. Finally, State Street Corp grew its stake in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Institutional investors and hedge funds 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.