Advantage Alpha Capital Partners LP Decreases Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Advantage Alpha Capital Partners LP trimmed its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 41.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,478 shares of the company’s stock after selling 148,572 shares during the quarter. Zeta Global accounts for approximately 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 20th largest position. Advantage Alpha Capital Partners LP owned 0.10% of Zeta Global worth $6,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after purchasing an additional 431,077 shares during the period. Lazard Asset Management LLC purchased a new stake in Zeta Global in the 1st quarter valued at about $4,113,000. Price T Rowe Associates Inc. MD grew its stake in Zeta Global by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company’s stock worth $997,000 after acquiring an additional 5,100 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Zeta Global by 11.1% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,141,611 shares of the company’s stock worth $12,478,000 after acquiring an additional 113,674 shares during the period. Finally, Bayesian Capital Management LP raised its stake in shares of Zeta Global by 78.1% during the first quarter. Bayesian Capital Management LP now owns 31,502 shares of the company’s stock valued at $344,000 after acquiring an additional 13,819 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

Zeta Global Trading Down 5.0 %

Zeta Global stock opened at $21.27 on Tuesday. The company’s fifty day moving average price is $28.00 and its 200 day moving average price is $22.93. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year 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.

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 analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZETA. Morgan Stanley decreased their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. DA Davidson increased their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a 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. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Buying and Selling at Zeta Global

In related news, Director Imran Khan bought 55,000 shares of the company’s 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 acquisition, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Steinberg purchased 53,676 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

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.