Zeta Global Holdings Corp. (NASDAQ:ZETA) Director Sells $82,908.00 in Stock

Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating) Director Robert H. Niehaus sold 9,212 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $9.00, for a total transaction of $82,908.00. Following the completion of the sale, the director now directly owns 16,301,990 shares in the company, valued at $146,717,910. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zeta Global Price Performance

NASDAQ:ZETA traded down $0.13 during midday trading on Wednesday, reaching $8.85. The company had a trading volume of 1,027,402 shares, compared to its average volume of 710,869. Zeta Global Holdings Corp. has a 12-month low of $4.09 and a 12-month high of $13.46. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.69. The stock’s fifty day simple moving average is $8.51 and its 200-day simple moving average is $7.41.

Zeta Global (NASDAQ:ZETAGet Rating) last issued its earnings results on Tuesday, November 1st. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.10). Zeta Global had a negative return on equity of 280.60% and a negative net margin of 52.41%. The firm had revenue of $152.25 million for the quarter, compared to analyst estimates of $140.74 million. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -1.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ZETA shares. B. Riley initiated coverage on Zeta Global in a research report on Friday, December 9th. They issued a “buy” rating and a $13.00 target price on the stock. Credit Suisse Group assumed coverage on Zeta Global in a report on Monday, November 21st. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Zeta Global from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently added to or reduced their stakes in ZETA. Bank of New York Mellon Corp acquired a new stake in Zeta Global during the 1st quarter worth $916,000. Citigroup Inc. purchased a new position in Zeta Global during the 1st quarter worth approximately $27,000. Sei Investments Co. acquired a new position in Zeta Global during the first quarter worth approximately $751,000. Vanguard Group Inc. lifted its stake in Zeta Global by 326.5% in the first quarter. Vanguard Group Inc. now owns 8,223,574 shares of the company’s stock valued at $104,850,000 after buying an additional 6,295,574 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Zeta Global in the 1st quarter valued at $7,812,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Company Profile

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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. Its 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.

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Insider Buying and Selling by Quarter for Zeta Global (NASDAQ:ZETA)

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