Barclays PLC Increases Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Barclays PLC raised its position in Zeta Global Holdings Corp. (NYSE:ZETAFree Report) by 36.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 420,518 shares of the company’s stock after buying an additional 112,238 shares during the period. Barclays PLC owned about 0.19% of Zeta Global worth $12,544,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ZETA. State Street Corp raised its holdings in Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares during the period. FMR LLC lifted its position in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Summit Partners Public Asset Management LLC grew its stake in Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after acquiring an additional 1,703,679 shares during the period. Renaissance Technologies LLC increased its holdings in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after acquiring an additional 929,800 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Up 2.7 %

Shares of NYSE:ZETA opened at $22.32 on Monday. The business has a 50-day moving average price of $26.13 and a 200 day moving average price of $23.49. Zeta Global Holdings Corp. has a 12-month low of $7.84 and a 12-month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -31.89 and a beta of 1.12.

Zeta Global (NYSE:ZETAGet Free Report) 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the firm posted ($0.27) earnings per share. Zeta Global’s revenue was up 42.0% on a year-over-year basis. Sell-side analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZETA. Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research report on Tuesday, December 10th. Morgan Stanley lowered their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Oppenheimer increased their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. DA Davidson lifted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Roth Mkm increased their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Read Our Latest Research Report on ZETA

Insider Activity

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at approximately $43,804,188. This represents a 0.34 % 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, Director Imran Khan purchased 55,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by corporate insiders.

About Zeta Global

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Zeta Global (NYSE:ZETA)

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