Intech Investment Management LLC Invests $1.46 Million in Zeta Global Holdings Corp. (NYSE:ZETA)

Intech Investment Management LLC acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,792 shares of the company’s stock, valued at approximately $1,455,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Juncture Wealth Strategies LLC grew its position in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after buying an additional 634 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the third quarter valued at approximately $26,000. Amalgamated Bank boosted its holdings in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Trading Down 5.0 %

NYSE:ZETA opened at $21.27 on Tuesday. The stock has a fifty day moving average price of $28.00 and a two-hundred day moving average price of $22.93. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of -30.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the company posted ($0.27) EPS. As a group, sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Barclays increased their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. B. Riley increased their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Morgan Stanley decreased their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Finally, 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. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Buying and Selling at Zeta Global

In related news, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher E. Greiner acquired 7,975 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 129,901 shares of company stock valued at $2,471,244. Insiders own 25.54% of the company’s stock.

About Zeta Global

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.