Zeta Global (NYSE:ZETA) Sees Strong Trading Volume – Time to Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) saw strong trading volume on Monday . 4,443,283 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 3,485,235 shares.The stock last traded at $24.05 and had previously closed at $21.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Truist Financial reiterated a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. DA Davidson boosted 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. Finally, Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Zeta Global Stock Performance

The firm has a 50-day moving average of $27.28 and a 200 day moving average of $23.10. 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 (NYSE:ZETA) last released 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the firm earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Transactions at Zeta Global

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 shares were bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, with a total value 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 $54,552,044.05. The trade was a 0.45 % 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 in the last ninety days. Insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC purchased a new stake in Zeta Global in the 3rd quarter worth $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the third quarter worth about $1,752,000. Charles Schwab Investment Management Inc. grew its position in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after purchasing an additional 413,577 shares in the last quarter. Victory Capital Management Inc. raised its stake in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after purchasing an additional 47,849 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after purchasing an additional 113,838 shares in the last quarter. Hedge funds and other 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.