Selling Buzz: Zeta Global Holdings Corp. [ZETA] Director NIEHAUS ROBERT H sells 200,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zeta Global Holdings Corp. shares valued at $1,406,000 were sold by NIEHAUS ROBERT H on Aug 03. At $7.03 per share, NIEHAUS ROBERT H sold 200,000 shares. The insider’s holdings dropped to 16,946,891 shares worth approximately $109.82 million following the completion of this transaction.

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Also, Ravella Satish sold 910 shares, netting a total of over 4,945 in proceeds. Following the sale of shares at $5.43 each, the insider now holds 236,742 shares.

Before that, Ravella Satish had sold 1,576 shares from its account. In a trade valued at $8,249, the Senior Vice President, Finance traded Zeta Global Holdings Corp. shares for $5.23 each. Upon closing the transaction, the insider’s holdings decreased to 1,576 shares, worth approximately $1.54 million.

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 67.6% 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] rose 1.57% to $6.48. The stock’s lowest price that day was $6.26, but it reached a high of $6.77 in the same session. During the last five days, there has been a drop of approximately -16.82%. Over the course of the year, Zeta Global Holdings Corp. shares have dropped approximately -23.04%. Shares of the company reached a 52-week high of $13.46 on 04/08/22 and a 52-week low of $4.09 on 07/05/22. A 50-day SMA is recorded $6.37, while a 200-day SMA reached $8.41. Nevertheless, trading volume fell to 1.3 million shares from 0.79 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 6.24, which, if violated, would cause prices to drop to 5.99. In the upper region, resistance lies at 6.75. The next price resistance is at 7.01. RSI (Relative Strength Index) is 45.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 78.18%, indicating bearish price movement. Stochastics %K at holding 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 steep in short interest on Jul 14, 2022 dropping by -2.55 million shares to 7.02 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.57 million shares. A decline of -36.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.24 of the overall float, the days-to-cover ratio (short ratio) decline to 4.24.

Which companies own the most shares of Zeta Global Holdings Corp. (ZETA)?

According to GPI Capital LP filings, the company currently owns 16,272,182 shares, which is about 9.50% of the total ZETA shares outstanding. The investor’s shares have appreciated by 35,128 from its previous 13-F filing of 16237054.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $62,022,016. Granahan Investment Management, L acquire a 0.17% interest valued at $44.29 million while KKR Credit Advisors 0 stake. In its current portfolio, Neuberger Berman Investment Advis holds 1,092,212 shares valued at $7.65 million.

In terms of Zeta Global Holdings Corp. share price expectations, FactSet research, analysts set an average price target of $12.06 in the next 12 months, up nearly 103.76% from the previous closing price of $6.38. Analysts anticipate Zeta Global Holdings Corp. stock to reach $21.00 by 2022, with the lowest price target being $7.00. In spite of this, 10 analysts ranked Zeta Global Holdings Corp. stock as an Overweight at the end of 2022.


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