Zeta Global (NYSE:ZETA) Shares Gap Up – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares gapped up prior to trading on Tuesday . The stock had previously closed at $21.67, but opened at $23.12. Zeta Global shares last traded at $23.2020, with a volume of 4,056,645 shares.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 target price on shares of Zeta Global in a research note on Thursday, November 6th. Morgan Stanley upped their price target on shares of Zeta Global from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Monday, November 24th. Finally, Needham & Company LLC restated a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average target price of $27.25.

Zeta Global Trading Up 0.7%

The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of -193.60, a PEG ratio of 2.53 and a beta of 1.26. The company has a fifty day moving average of $18.87 and a 200-day moving average of $18.33.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director directly owned 57,850 shares in the company, valued at $1,118,819. This trade represents a 18.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zeta Global

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its position in shares of Zeta Global by 2,000.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after acquiring an additional 1,600 shares in the last quarter. Binnacle Investments Inc purchased a new stake in Zeta Global during the third quarter worth approximately $30,000. National Bank of Canada FI lifted its stake in Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,267 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Zeta Global by 124.9% in the third quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in Zeta Global in the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.