Victory Capital Management Inc. Purchases 47,849 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Victory Capital Management Inc. increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 229.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,660 shares of the company’s stock after purchasing an additional 47,849 shares during the quarter. Victory Capital Management Inc.’s holdings in Zeta Global were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its position in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Zeta Global in the second quarter valued at $28,698,000. Renaissance Technologies LLC increased its position in Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the period. Millennium Management LLC raised its holdings in Zeta Global by 358.3% in the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after purchasing an additional 929,792 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Zeta Global in the 2nd quarter worth about $9,783,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Up 3.0 %

ZETA stock opened at $22.38 on Monday. The stock has a market capitalization of $5.31 billion, a P/E ratio of -31.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business has a fifty day moving average price of $28.11 and a 200-day moving average price of $22.90. Zeta Global Holdings Corp. has a 1-year low of $7.65 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the business posted ($0.27) EPS. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Steven H. Gerber bought 13,250 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Steinberg purchased 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley reduced their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Craig Hallum raised 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. Royal Bank of Canada increased their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Truist Financial restated a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $38.00.

About Zeta Global

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.