Advisors Asset Management Inc. Acquires 1,136 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Advisors Asset Management Inc. increased its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 104.1% during the third quarter, HoldingsChannel.com reports. The fund owned 2,227 shares of the company’s stock after buying an additional 1,136 shares during the quarter. Advisors Asset Management Inc.’s holdings in Zeta Global were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. D. E. Shaw & Co. Inc. raised its holdings in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after purchasing an additional 1,728,005 shares during the period. William Blair Investment Management LLC purchased a new stake in Zeta Global in the second quarter worth $28,698,000. Renaissance Technologies LLC raised its stake in shares of Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 shares during the period. Millennium Management LLC lifted its position in shares of Zeta Global by 358.3% during the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock valued at $20,991,000 after buying an additional 929,792 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zeta Global during the 2nd quarter worth $9,783,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ZETA. Needham & Company LLC upped their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $21.30 on Friday. The stock’s 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $22.96. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The firm has a market capitalization of $5.06 billion, a P/E ratio of -30.43 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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

Insider Transactions at Zeta Global

In other news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock valued at $2,471,244 in the last quarter. Insiders own 25.54% of the company’s stock.

Zeta Global Company 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.