Zeta Global (NASDAQ:ZETA) Shares Gap Up to $8.32

Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $8.32, but opened at $8.75. Zeta Global shares last traded at $8.32, with a volume of 39,488 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZETA. Morgan Stanley upped their price target on Zeta Global from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, November 3rd. Credit Suisse Group began coverage on Zeta Global in a research note on Monday. They set a “neutral” rating and a $9.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.00.

Zeta Global Stock Up 1.5 %

The business has a fifty day moving average of $7.50 and a 200 day moving average of $6.79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.69.

Insider Activity at Zeta Global

In related news, Director Robert H. Niehaus sold 175,536 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $8.09, for a total value of $1,420,086.24. Following the completion of the sale, the director now owns 16,621,891 shares in the company, valued at $134,471,098.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert H. Niehaus sold 175,536 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $8.09, for a total value of $1,420,086.24. Following the completion of the sale, the director now owns 16,621,891 shares in the company, valued at $134,471,098.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. Niehaus sold 27,257 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $9.01, for a total value of $245,585.57. Following the completion of the sale, the director now owns 16,594,634 shares of the company’s stock, valued at $149,517,652.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 259,483 shares of company stock worth $2,121,459. 46.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings 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 acquiring an additional 2,903,008 shares in the last quarter. BlackRock Inc. increased its holdings in shares of 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 acquiring an additional 5,227,902 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Zeta Global by 0.4% during the first quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company’s stock worth $36,734,000 after buying an additional 10,300 shares in the last quarter. State Street Corp grew its holdings in shares of Zeta Global by 234.4% during the third quarter. State Street Corp now owns 2,292,399 shares of the company’s stock worth $15,153,000 after buying an additional 1,606,812 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Zeta Global by 4,656.1% during the third quarter. Nuveen Asset Management LLC now owns 2,096,771 shares of the company’s stock worth $13,860,000 after buying an additional 2,052,685 shares in the last quarter. 29.02% of the stock is currently owned by 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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