Penserra Capital Management LLC Boosts Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Penserra Capital Management LLC boosted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 161.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,798 shares of the company’s stock after buying an additional 20,239 shares during the quarter. Penserra Capital Management LLC’s holdings in Zeta Global were worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Citigroup Inc. increased its holdings in Zeta Global by 139.5% in the 3rd quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after acquiring an additional 88,205 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after purchasing an additional 413,577 shares during the period. Intech Investment Management LLC purchased a new position in shares of Zeta Global in the third quarter worth about $1,455,000. Advisors Asset Management Inc. increased its stake in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Zeta Global in the third quarter valued at approximately $1,074,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

NYSE ZETA opened at $20.21 on Thursday. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a fifty day moving average of $27.85 and a 200-day moving average of $22.96. The company has a market capitalization of $4.80 billion, a P/E ratio of -29.01 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 (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. As a group, equities research analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZETA. B. Riley lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Canaccord Genuity Group lifted their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Craig Hallum increased their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Truist Financial reiterated a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Three equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Insiders Place Their Bets

In related news, COO Steven H. Gerber purchased 13,250 shares of the firm’s stock in a transaction on 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 purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock valued at $2,471,244 over the last quarter. 25.54% of the stock is owned by corporate insiders.

Zeta Global Profile

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.