FORA Capital LLC Buys New Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

FORA Capital LLC bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 94,012 shares of the company’s stock, valued at approximately $2,804,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MetLife Investment Management LLC boosted its position in shares of Zeta Global by 7.4% during the 3rd quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock valued at $3,052,000 after acquiring an additional 7,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Zeta Global by 29.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock worth $16,810,000 after purchasing an additional 126,531 shares during the period. FMR LLC boosted its holdings in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Zeta Global by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock valued at $3,730,000 after purchasing an additional 15,342 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in shares of Zeta Global in the 3rd quarter worth approximately $1,752,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Trading Down 0.3 %

NYSE:ZETA traded down $0.06 on Wednesday, hitting $19.98. 1,517,221 shares of the stock were exchanged, compared to its average volume of 3,445,764. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of -29.06 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 Holdings Corp. has a 52 week low of $7.65 and a 52 week high of $38.20. The company’s 50-day moving average price is $28.00 and its 200 day moving average price is $22.93.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the company earned ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZETA. Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. B. Riley lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Truist Financial reaffirmed a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Buying and Selling

In other Zeta Global news, CEO David Steinberg purchased 53,676 shares of the stock in a transaction on Monday, November 18th. The stock was bought 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 directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price 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 in the company, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 129,901 shares of company stock valued at $2,471,244 over the last three months. Company insiders own 25.54% of the company’s stock.

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.