In yesterday’s Wall Street session, Zeta Global Holdings Corp. (NYSE:ZETA) shares traded at $8.36, down -6.59% from the previous session.
As of this writing, 12 analysts cover Zeta Global Holdings Corp. (NYSE:ZETA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $10.00, we find $13.00. Given the previous closing price of $8.95, this indicates a potential upside of 45.25 percent. ZETA stock price is now -4.62% away from the 50-day moving average and -7.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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There are 3 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $13.40 as their price target over the next twelve months.
With the price target of $13, B. Riley Securities recently initiated with Buy rating for Zeta Global Holdings Corp. (NYSE: ZETA).
In other news, NIEHAUS ROBERT H, Director sold 5,837 shares of the company’s stock on Mar 08. The stock was sold for $64,440 at an average price of $11.04. Upon completion of the transaction, the Director now directly owns 15,246,891 shares in the company, valued at $127.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, Director NIEHAUS ROBERT H sold 7,911 shares of the business’s stock. A total of $87,021 was realized by selling the stock at an average price of $11.00. This leaves the insider owning 15,252,728 shares of the company worth $127.51 million. Insiders disposed of 4,103,377 shares of company stock worth roughly $34.3 million over the past 1 year. A total of 9.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZETA stock. A new stake in Zeta Global Holdings Corp. shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $23,857,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $8,214,000 in shares of ZETA during the first quarter. In the first quarter, GREAT LAKES ADVISORS, LLC acquired a new stake in Zeta Global Holdings Corp. valued at approximately $7,958,000. SUMMIT CREEK ADVISORS LLC acquired a new stake in ZETA for approximately $6,043,000. POLAR ASSET MANAGEMENT PARTNERS INC. purchased a new stake in ZETA valued at around $5,697,000 in the second quarter.
Wednesday morning saw Zeta Global Holdings Corp. (NYSE: ZETA) opened at $8.75. During the past 12 months, Zeta Global Holdings Corp. has had a low of $5.26 and a high of $11.28. As of last week, the company has a debt-to-equity ratio of 1.41, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for ZETA is $8.77 and a two-hundred day moving average price translates $9.02 for the stock.
The net profit margin was -42.40% and return on equity was -222.90% for ZETA. The company reported revenue of $157.6 million for the quarter, compared to $126.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.82 percent.
