Fortitude Advisory Group L.L.C. Sells 7,720 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Fortitude Advisory Group L.L.C. decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,743 shares of the company’s stock after selling 7,720 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Zeta Global were worth $211,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Summit Partners Public Asset Management LLC grew its position in shares of Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. Millennium Management LLC lifted its position in shares of Zeta Global by 358.3% in the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after buying an additional 929,792 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after buying an additional 674,192 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Transactions at Zeta Global

In other news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Imran Khan purchased 55,000 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 in the last quarter. 25.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ZETA has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group began coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research report on Thursday, January 16th. Four equities research 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Price Performance

ZETA opened at $18.47 on Tuesday. Zeta Global Holdings Corp. has a 12 month low of $9.35 and a 12 month high of $38.20. The stock has a fifty day moving average price of $20.12 and a 200-day moving average price of $23.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last issued 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 firm had revenue of $268.30 million during 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 quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. As a group, equities research analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

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.