Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zeta Global Holdings Corp. shares valued at $34,888 were sold by Ravella Satish on Jun 15. At $5.64 per share, Ravella Satish sold 6,185 shares. The insider’s holdings dropped to 239,228 shares worth approximately $1.16 million following the completion of this transaction.
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Also, GPI Capital Gemini HoldCo LP sold 4,000,000 shares, netting a total of over 45,600,000 in proceeds. Following the sale of shares at $11.40 each, the insider now holds 16,237,054 shares.
As published in a research note from Oppenheimer on April 07, 2022, Zeta Global Holdings Corp. [ZETA] has been rated up from a Perform to an Outperform and the price target has been revised to $20. This represents a 75.8% premium over Wednesday’s closing price. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of November 16, 2021, Credit Suisse has initiated its “Neutral” rating for ZETA.
Analyzing ZETA’s Price Performance
On Wednesday, Zeta Global Holdings Corp. [NYSE: ZETA] plunged -3.59% to $4.84. The stock’s lowest price that day was $4.80, but it reached a high of $5.11 in the same session. During the last five days, there has been a drop of approximately -14.94%. Over the course of the year, Zeta Global Holdings Corp. shares have dropped approximately -42.52%. Shares of the company reached a 52-week high of $13.46 on 04/08/22 and a 52-week low of $4.80 on 06/22/22. A 50-day SMA is recorded $8.76, while a 200-day SMA reached $8.98. Nevertheless, trading volume fell to 1.28 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Zeta Global Holdings Corp. (ZETA)
According to the 24-hour chart, there is a support level at 4.72, which, if violated, would cause prices to drop to 4.61. In the upper region, resistance lies at 5.03. The next price resistance is at 5.23. RSI (Relative Strength Index) is 26.67 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.60, which suggests the price will decrease in the coming days. Percent R is at 99.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Zeta Global Holdings Corp. subject to short interest?
Stocks of Zeta Global Holdings Corp. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.66 million shares to 6.66 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 6.0 million shares. A jump of 9.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.48.
Which companies own the most shares of Zeta Global Holdings Corp. (ZETA)?
According to GPI Capital LP filings, the company currently owns 16,237,054 shares, which is about 9.78% of the total ZETA shares outstanding. The investor’s shares have plunged by -4,000,000 from its previous 13-F filing of 20237054.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $65,315,411. Granahan Investment Management, L reduced a -9.00% interest valued at $50.22 million while KKR Credit Advisors sold a 2 stake. A total of 10,300 shares of Zeta Global Holdings Corp. were sold by ClearBridge Investments LLC during the quarter, and -674,645 were sold by Ophir Asset Management Pty Ltd. In its current portfolio, Neuberger Berman Investment Advis holds 927,954 shares valued at $7.38 million.
In terms of Zeta Global Holdings Corp. share price expectations, FactSet research, analysts set an average price target of $13.83 in the next 12 months, up nearly 158.96% from the previous closing price of $5.02. Analysts anticipate Zeta Global Holdings Corp. stock to reach $21.00 by 2022, with the lowest price target being $9.50. In spite of this, 10 analysts ranked Zeta Global Holdings Corp. stock as an Overweight at the end of 2022.