Zeta Global Holdings Corp. (NASDAQ:ZETA) Director Robert H. Niehaus Sells 5,837 Shares

Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) Director Robert H. Niehaus sold 5,837 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $11.04, for a total value of $64,440.48. Following the completion of the transaction, the director now owns 15,246,891 shares in the company, valued at approximately $168,325,676.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Zeta Global Stock Performance

NASDAQ ZETA opened at $10.15 on Tuesday. The company has a market cap of $2.11 billion, a P/E ratio of -5.02 and a beta of 1.49. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50-day moving average of $9.44 and a two-hundred day moving average of $8.34. Zeta Global Holdings Corp. has a 1-year low of $4.09 and a 1-year high of $13.46.

Zeta Global (NASDAQ:ZETA – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.45). The firm had revenue of $175.14 million during the quarter, compared to analyst estimates of $160.60 million. Zeta Global had a negative net margin of 47.25% and a negative return on equity of 248.74%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) earnings per share. As a group, analysts anticipate that Zeta Global Holdings Corp. will post -1.26 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Zeta Global in the first quarter valued at approximately $916,000. Citigroup Inc. purchased a new stake in shares of Zeta Global in the first quarter valued at $27,000. Sei Investments Co. purchased a new stake in shares of Zeta Global in the first quarter valued at $751,000. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 6,295,574 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Zeta Global in the first quarter valued at $7,812,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZETA shares. B. Riley started coverage on Zeta Global in a report on Friday, December 9th. They set a “buy” rating and a $13.00 price target on the stock. Credit Suisse Group lifted their price target on Zeta Global from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Barclays raised their price objective on Zeta Global from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Morgan Stanley raised their price objective on Zeta Global from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, December 19th. Finally, Oppenheimer raised their price objective on Zeta Global from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. 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, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $11.83.

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.