Virtu Financial LLC Buys Shares of 25,368 Zeta Global Holdings Corp. (NYSE:ZETA)

Virtu Financial LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,368 shares of the company’s stock, valued at approximately $757,000.

Several other institutional investors and hedge funds have also modified their holdings of ZETA. Wolff Wiese Magana LLC purchased a new position in Zeta Global during the third quarter worth about $26,000. Quest Partners LLC lifted its holdings in shares of Zeta Global by 1,718.9% during the 2nd 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. Farther Finance Advisors LLC grew its holdings in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd grew its holdings in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Buying and Selling at Zeta Global

In other news, Director Imran Khan acquired 55,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $18.96 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed 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 stock was purchased at an average price of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock valued at $2,471,244 in the last three months. Corporate insiders own 25.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZETA shares. Craig Hallum boosted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group upped their price target on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm lifted their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research report on Tuesday, December 10th. Finally, Truist Financial restated a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Four 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Stock Performance

Zeta Global stock opened at $22.32 on Friday. Zeta Global Holdings Corp. has a 12-month low of $7.84 and a 12-month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -31.89 and a beta of 1.12. The firm’s fifty day moving average price is $26.13 and its 200 day moving average price is $23.45.

Zeta Global (NYSE:ZETA) last announced its 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 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 was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) earnings per share. On average, research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

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.