Atria Investments Inc Makes New $358,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Atria Investments Inc acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,016 shares of the company’s stock, valued at approximately $358,000.

A number of other large investors also recently bought and sold shares of ZETA. Harbour Capital Advisors LLC purchased a new position in shares of Zeta Global in the third quarter worth about $769,000. Riggs Asset Managment Co. Inc. grew its position in shares of Zeta Global by 142.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after purchasing an additional 44,596 shares during the period. Stephens Inc. AR acquired a new position in Zeta Global during the third quarter worth about $1,634,000. Stephens Investment Management Group LLC purchased a new stake in shares of Zeta Global in the third quarter valued at about $7,676,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Zeta Global during the 1st quarter worth about $4,113,000. Institutional investors own 75.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Needham & Company LLC boosted their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer upped their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays boosted their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, B. Riley increased their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling

In related news, COO Steven H. Gerber purchased 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was 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 approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock worth $2,471,244 in the last quarter. 25.54% of the stock is currently owned by company insiders.

Zeta Global Price Performance

ZETA stock opened at $21.72 on Friday. The firm has a 50-day moving average of $28.22 and a two-hundred day moving average of $22.73. The firm has a market capitalization of $4.78 billion, a PE ratio of -31.03 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) earnings per share. On average, analysts forecast that Zeta Global Holdings Corp. will post -0.45 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.