Healthcare of Ontario Pension Plan Trust Fund Acquires 126,531 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,531 shares of the company’s stock after buying an additional 126,531 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Zeta Global were worth $16,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZETA. Juncture Wealth Strategies LLC raised its holdings in shares of Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Zeta Global by 0.3% in the 3rd 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 during the period. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Amalgamated Bank raised its holdings in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 104.1% in the 3rd 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 during the period. 75.82% of the stock is owned by institutional investors.

Insider Activity at Zeta Global

In other news, Director Imran Khan acquired 55,000 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now directly 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 disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock valued at $2,471,244 in the last 90 days. 25.54% of the stock is owned by corporate insiders.

Zeta Global Stock Performance

Zeta Global stock opened at $20.20 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12-month low of $7.65 and a 12-month high of $38.20. The business’s 50-day moving average price is $27.70 and its two-hundred day moving average price is $22.95.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data 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 company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) earnings per share. On average, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial reiterated a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Needham & Company LLC upped their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group upped their price target 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. Barclays upped their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, DA Davidson upped their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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.