Zeta Global Holdings Corp. (NYSE:ZETA) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,383 shares of the company’s stock after acquiring an additional 892 shares during the quarter. HighTower Advisors LLC’s holdings in Zeta Global were worth $668,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Juncture Wealth Strategies LLC increased its position in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the third quarter worth $26,000. Amalgamated Bank raised its position in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in 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. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the acquisition, the chief financial officer now directly owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock valued at $2,471,244 in the last quarter. 25.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Morgan Stanley lowered their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of Zeta Global in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Trading Down 1.4 %

Zeta Global stock opened at $19.07 on Friday. The stock has a market cap of $4.53 billion, a PE ratio of -27.24 and a beta of 1.12. 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 stock has a 50-day moving average price of $25.21 and a 200 day moving average price of $23.49. Zeta Global Holdings Corp. has a 52 week low of $7.84 and a 52 week high of $38.20.

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). 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 analysts’ expectations of $252.68 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts predict 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.