Zeta Global Holdings Corp. (NYSE:ZETA) Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 512.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,058 shares of the company’s stock after purchasing an additional 113,838 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Zeta Global worth $4,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Empowered Funds LLC acquired a new position in shares of Zeta Global in the 3rd quarter valued at about $5,644,000. Qsemble Capital Management LP purchased a new stake in shares of Zeta Global in the third quarter worth approximately $1,752,000. Victory Capital Management Inc. boosted its holdings in shares of Zeta Global by 229.9% during the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after purchasing an additional 47,849 shares during the period. Finally, Barclays PLC grew its position in Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ZETA. Morgan Stanley cut 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 report on Friday, November 15th. DA Davidson increased their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Craig Hallum boosted their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research note on Tuesday, December 10th. Finally, Roth Mkm boosted their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Four 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. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average price target of $37.86.

Insider Activity

In other news, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $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. Over the last 90 days, insiders purchased 129,901 shares of company stock valued at $2,471,244. Insiders own 25.54% of the company’s stock.

Zeta Global Trading Up 4.2 %

Zeta Global stock opened at $18.74 on Friday. Zeta Global Holdings Corp. has a 52 week low of $7.84 and a 52 week high of $38.20. 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 has a market capitalization of $4.45 billion, a PE ratio of -26.77 and a beta of 1.12. The business’s 50-day simple moving average is $23.12 and its 200-day simple moving average is $23.64.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.27) earnings per share. Equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Zeta Global Company 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.