Zeta Global Holdings Corp. (NYSE:ZETA) CEO Purchases $1,032,726.24 in Stock

Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded up $2.39 during trading on Monday, reaching $19.97. 13,079,665 shares of the stock were exchanged, compared to its average volume of 3,149,608. The firm has a market cap of $4.39 billion, a PE ratio of -26.87 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12 month low of $7.65 and a 12 month high of $38.20. The stock has a 50-day moving average price of $28.57 and a 200-day moving average price of $22.62.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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 business had revenue of $268.30 million during the quarter, compared to analyst estimates 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 quarter last year, the firm earned ($0.27) EPS. Research analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after purchasing an additional 431,077 shares during the last quarter. Geode Capital Management LLC lifted its stake in Zeta Global by 18.8% in the third 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 period. State Street Corp grew its position in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the period. FMR LLC grew its holdings in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after purchasing an additional 77,962 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZETA. Morgan Stanley dropped their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. Roth Mkm lifted their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Barclays boosted their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Canaccord Genuity Group upped their target price on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

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.