Advisors Asset Management Inc. Purchases 1,136 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Advisors Asset Management Inc. raised its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 104.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,227 shares of the company’s stock after purchasing an additional 1,136 shares during the quarter. Advisors Asset Management Inc.’s holdings in Zeta Global were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ZETA. Price T Rowe Associates Inc. MD increased its stake in shares of Zeta Global by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company’s stock valued at $997,000 after buying an additional 5,100 shares during the period. Juncture Wealth Strategies LLC acquired a new position in Zeta Global in the 2nd quarter valued at approximately $363,000. SG Americas Securities LLC raised its stake in shares of Zeta Global by 1,854.9% during the second quarter. SG Americas Securities LLC now owns 244,618 shares of the company’s stock valued at $4,318,000 after acquiring an additional 232,105 shares during the last quarter. M&G Plc acquired a new position in shares of Zeta Global during the second quarter worth $9,955,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Zeta Global in the second quarter worth $2,090,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zeta Global

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven H. Gerber bought 13,250 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the acquisition, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders acquired 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 research analysts recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Roth Mkm raised their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson lifted their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays increased their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $21.30 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $22.96. The firm has a market capitalization of $5.06 billion, a P/E ratio of -30.43 and a beta of 1.29. 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 results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm 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 period last year, the company posted ($0.27) earnings per share. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

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.