Satish Ravella Sells 5,614 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) Stock

Zeta Global Holdings Corp. (NASDAQ:ZETA) SVP Satish Ravella sold 5,614 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $7.70, for a total transaction of $43,227.80. Following the transaction, the senior vice president now owns 234,120 shares in the company, valued at approximately $1,802,724. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Zeta Global Stock Performance

ZETA stock opened at $7.82 on Friday. The company has a fifty day moving average price of $8.31 and a 200-day moving average price of $9.03. Zeta Global Holdings Corp. has a 52-week low of $5.78 and a 52-week high of $11.28. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.34.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.03. The firm had revenue of $171.82 million during the quarter, compared to the consensus estimate of $162.07 million. Zeta Global had a negative net margin of 35.06% and a negative return on equity of 181.01%. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -1.23 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Zeta Global by 32.5% during 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 period. BlackRock Inc. increased its position in shares of Zeta Global by 23.5% during the second quarter. BlackRock Inc. now owns 9,814,077 shares of the company’s stock worth $83,812,000 after buying an additional 1,868,870 shares during the period. Granahan Investment Management LLC increased its position in shares of Zeta Global by 1.1% during the fourth quarter. Granahan Investment Management LLC now owns 7,193,591 shares of the company’s stock worth $58,772,000 after buying an additional 75,884 shares during the period. Clearbridge Investments LLC increased its position in shares of Zeta Global by 0.4% during the second quarter. Clearbridge Investments LLC now owns 2,961,607 shares of the company’s stock worth $25,292,000 after buying an additional 10,800 shares during the period. Finally, State Street Corp increased its position in shares of Zeta Global by 15.2% during the second quarter. State Street Corp now owns 2,877,079 shares of the company’s stock worth $24,570,000 after buying an additional 379,508 shares during the period. 41.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Zeta Global from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Zeta Global in a report on Thursday, August 3rd. Barclays increased their price objective on shares of Zeta Global from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Zeta Global Company Profile

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. The company's 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.