Royce & Associates LP cut its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 21.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,000 shares of the company's stock after selling 47,000 shares during the period. Royce & Associates LP owned 0.08% of Zeta Global worth $5,250,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global during the 3rd quarter worth approximately $26,000. Quest Partners LLC raised its position in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock worth $41,000 after acquiring an additional 2,183 shares during the period. Farther Finance Advisors LLC raised its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd lifted its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the second quarter valued at about $99,000. Institutional investors and hedge funds own 75.82% of the company's stock.
ZETA has been the topic of several research reports. Roth Mkm raised their target price on Zeta Global from $33.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, September 26th. KeyCorp lowered shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Truist Financial reissued a "buy" rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and a consensus price target of $39.08.
Get Our Latest Stock Analysis on Zeta Global
In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the business's stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company's stock, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Steinberg purchased 53,676 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares of the company's stock, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by insiders.
ZETA stock opened at $19.58 on Tuesday. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -27.97 and a beta of 1.29. The business has a fifty day moving average of $28.44 and a two-hundred day moving average of $22.67.
Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the business posted ($0.27) earnings per share. The firm's revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, research analysts anticipate that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.
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.
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