XTX Topco Ltd Sells 10,110 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

XTX Topco Ltd decreased its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 41.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,546 shares of the company’s stock after selling 10,110 shares during the quarter. XTX Topco Ltd’s holdings in Zeta Global were worth $434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James & Associates grew its holdings in shares of Zeta Global by 236.3% in the 2nd quarter. Raymond James & Associates now owns 79,289 shares of the company’s stock valued at $1,399,000 after buying an additional 55,709 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Zeta Global in the 2nd quarter valued at $394,000. Washington Capital Management Inc. acquired a new position in shares of Zeta Global in the 2nd quarter valued at $401,000. Calamos Advisors LLC grew its holdings in shares of Zeta Global by 112.0% in the 2nd quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock valued at $3,074,000 after buying an additional 92,020 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Zeta Global by 38.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company’s stock valued at $10,790,000 after buying an additional 171,001 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ZETA shares. 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 research note on Tuesday, November 12th. Canaccord Genuity Group upped their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley reduced 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. Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Stock Up 2.7 %

Shares of ZETA stock opened at $22.32 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm’s 50-day moving average is $26.13 and its 200-day moving average is $23.45. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -31.89 and a beta of 1.12. Zeta Global Holdings Corp. has a 52-week low of $7.84 and a 52-week high of $38.20.

Zeta Global (NYSE:ZETA) last issued 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 firm 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 firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) earnings per share. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Activity

In related news, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Imran Khan purchased 55,000 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

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.