Zeta Global (NYSE:ZETA) Trading 8.1% Higher – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) shares shot up 8.1% on Thursday . The company traded as high as $20.23 and last traded at $20.30. Approximately 2,265,079 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 3,822,632 shares. The stock had previously closed at $18.78.

Wall Street Analyst Weigh In

A number of research firms have commented on ZETA. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Thursday, January 16th. DA Davidson upped their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

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 company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -29.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The stock’s 50-day moving average price is $19.66 and its 200-day moving average price is $23.83.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the firm posted ($0.27) EPS. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $18.80 per share, for a total transaction 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 disclosure for this purchase can be found here. In the last 90 days, insiders purchased 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. raised its position in Zeta Global by 31.1% during the 3rd 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 during the last quarter. Empowered Funds LLC bought a new stake in shares of Zeta Global in the 3rd quarter valued at about $5,644,000. Qsemble Capital Management LP acquired a new stake in shares of Zeta Global in the third quarter valued at about $1,752,000. Finally, Hodges Capital Management Inc. lifted its stake in shares of Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after acquiring an additional 268,710 shares during the period. Institutional investors and hedge funds own 87.75% 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.