Janney Montgomery Scott LLC Has $1.40 Million Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Janney Montgomery Scott LLC increased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 273.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,745 shares of the company’s stock after buying an additional 56,910 shares during the period. Janney Montgomery Scott LLC’s holdings in Zeta Global were worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the third quarter worth about $26,000. Farther Finance Advisors LLC increased its position in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd increased its position in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, CWM LLC grew its stake in shares of Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after acquiring an additional 4,946 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Morgan Stanley cut their price target on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a report on Thursday, January 16th. Four 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Insider Activity at Zeta Global

In related news, Director Imran Khan purchased 55,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought 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 owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 in the last three months. Corporate insiders own 25.54% of the company’s stock.

Zeta Global Stock Down 1.1 %

ZETA opened at $18.15 on Tuesday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 1.35 and a beta of 1.17. 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 simple moving average is $19.73 and its 200-day simple moving average is $23.88. Zeta Global Holdings Corp. has a twelve month low of $9.35 and a twelve month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the company posted ($0.27) earnings per share. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal 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.