Independent Advisor Alliance Cuts Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Independent Advisor Alliance lowered its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 38.0% during the third quarter, HoldingsChannel.com reports. The firm owned 11,391 shares of the company’s stock after selling 6,967 shares during the period. Independent Advisor Alliance’s holdings in Zeta Global were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd grew its position in shares of Zeta Global by 26.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 23,876 shares of the company’s stock valued at $712,000 after purchasing an additional 5,039 shares during the period. Alpha DNA Investment Management LLC purchased a new position in Zeta Global in the 3rd quarter valued at about $472,000. Penserra Capital Management LLC boosted its holdings in Zeta Global by 161.2% in the 3rd quarter. Penserra Capital Management LLC now owns 32,798 shares of the company’s stock worth $978,000 after buying an additional 20,239 shares during the last quarter. Citigroup Inc. increased its stake in Zeta Global by 139.5% during the 3rd quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after buying an additional 88,205 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $51,980,000 after acquiring an additional 413,577 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZETA has been the subject of several research reports. Roth Mkm boosted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DA Davidson increased their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Craig Hallum increased their price objective on shares of Zeta Global from $37.00 to $45.00 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Insider Activity

In other news, CEO David Steinberg acquired 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 acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired 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 directly owns 2,330,010 shares of the company’s stock, valued at $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 three months, insiders have purchased 129,901 shares of company stock worth $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Zeta Global Trading Up 0.8 %

ZETA opened at $20.20 on Friday. The business’s 50 day moving average price is $27.70 and its 200 day moving average price is $22.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a market capitalization of $4.80 billion, a PE ratio of -28.86 and a beta of 1.29. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. As a group, equities research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

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.