Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) Director Robert H. Niehaus sold 115,269 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $10.07, for a total transaction of $1,160,758.83. Following the completion of the sale, the director now directly owns 16,106,622 shares in the company, valued at $162,193,683.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Zeta Global Trading Down 4.8 %
Shares of ZETA traded down $0.47 during mid-day trading on Monday, hitting $9.33. The company had a trading volume of 610,020 shares, compared to its average volume of 823,022. The business's 50-day simple moving average is $8.66 and its 200-day simple moving average is $7.69. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.69. Zeta Global Holdings Corp. has a 1-year low of $4.09 and a 1-year high of $13.46. The stock has a market cap of $1.93 billion, a PE ratio of -4.64 and a beta of 1.55.
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Analyst Ratings Changes
Several research firms have issued reports on ZETA. Credit Suisse Group began coverage on shares of Zeta Global in a research note on Monday, November 21st. They set a "neutral" rating and a $9.00 price target on the stock. B. Riley began coverage on shares of Zeta Global in a research note on Friday, December 9th. They set a "buy" rating and a $13.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Zeta Global from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.33.
Institutional Trading of Zeta Global
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Zeta Global by 32.5% in the third quarter. Vanguard Group Inc. now owns 11,838,734 shares of the company's stock worth $78,255,000 after buying an additional 2,903,008 shares during the last quarter. BlackRock Inc. boosted its holdings in Zeta Global by 275.1% in the third quarter. BlackRock Inc. now owns 7,128,030 shares of the company's stock worth $47,117,000 after purchasing an additional 5,227,902 shares during the period. Clearbridge Investments LLC boosted its holdings in Zeta Global by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company's stock worth $36,734,000 after purchasing an additional 10,300 shares during the period. State Street Corp boosted its holdings in Zeta Global by 234.4% in the third quarter. State Street Corp now owns 2,292,399 shares of the company's stock worth $15,153,000 after purchasing an additional 1,606,812 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Zeta Global by 4,656.1% in the third quarter. Nuveen Asset Management LLC now owns 2,096,771 shares of the company's stock worth $13,860,000 after purchasing an additional 2,052,685 shares during the period. Institutional investors own 35.21% of the company's stock.
About Zeta Global
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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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