Zeta Global Holdings Corp. (NYSE:ZETA) is Millrace Asset Group Inc.’s 8th Largest Position

Millrace Asset Group Inc. lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 51.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,071 shares of the company’s stock after selling 83,948 shares during the quarter. Zeta Global comprises about 2.4% of Millrace Asset Group Inc.’s holdings, making the stock its 8th largest holding. Millrace Asset Group Inc.’s holdings in Zeta Global were worth $2,329,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new position in Zeta Global during the third quarter worth about $26,000. Farther Finance Advisors LLC increased its holdings in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd raised its position in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the period. Advisors Asset Management Inc. lifted 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 acquiring an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC grew its position in Zeta Global by 1,718.9% in 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. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Imran Khan acquired 55,000 shares of the company’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 owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA stock opened at $21.27 on Tuesday. The stock’s 50-day moving average is $28.00 and its two-hundred day moving average is $22.93. 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 Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results 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). The firm 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 company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) EPS. As a group, sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZETA. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Needham & Company LLC raised their target price on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. 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 note on Tuesday, November 12th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.