Eagle Asset Management Inc. Sells 1,086,450 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Eagle Asset Management Inc. decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 59.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 737,702 shares of the company’s stock after selling 1,086,450 shares during the quarter. Eagle Asset Management Inc. owned 0.34% of Zeta Global worth $22,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZETA. D. E. Shaw & Co. Inc. raised its stake in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the 2nd quarter valued at about $28,698,000. Renaissance Technologies LLC increased its position in shares of Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares during the last quarter. Millennium Management LLC increased 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 valued at $20,991,000 after acquiring an additional 929,792 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Zeta Global in the second quarter valued at about $9,783,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Stock Up 3.0 %

Shares of ZETA stock opened at $22.38 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. The stock has a 50 day simple moving average of $28.11 and a 200 day simple moving average of $22.79. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.27) earnings per share. Equities analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 129,901 shares of company stock worth $2,471,244. Company insiders own 25.54% of the company’s stock.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent research reports. B. Riley lifted their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Bank of America lifted their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Truist Financial reissued a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, DA Davidson boosted their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

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.