Zeta Global (NYSE:ZETA - Get Free Report) shares saw unusually-strong trading volume on Tuesday following insider buying activity.
Zeta Global (NYSE:ZETA) shares saw unusually-strong trading volume on Tuesday following insider buying activity. Approximately 2,527,929 shares were traded during mid-day trading, a decline of 20% from the previous session's volume of 3,173,435 shares.
The stock last traded at $20.54 and had previously closed at $19.58.
Specifically, CEO David Steinberg acquired 53,676 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares of the company's stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Also, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the purchase, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here.
In other Zeta Global news, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now owns 2,330,010 shares of the company's stock, valued at $43,804,188. The trade was a 0.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
A number of research firms recently commented on ZETA. Morgan Stanley decreased their price objective on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday. DA Davidson upped their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Needham & Company LLC increased their price objective on Zeta Global from $36.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Roth Mkm lifted their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.08.
