35,563 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Acquired by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,563 shares of the company’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZETA. AQR Capital Management LLC increased its holdings in Zeta Global by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 32,537 shares of the company’s stock worth $574,000 after acquiring an additional 9,554 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Zeta Global by 30.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,715 shares of the company’s stock worth $1,936,000 after buying an additional 25,855 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Zeta Global by 35.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 39,200 shares of the company’s stock worth $1,169,000 after buying an additional 10,200 shares during the last quarter. Diversified Trust Co bought a new position in shares of Zeta Global in the 3rd quarter worth $463,000. Finally, CWM LLC increased its holdings in shares of Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after buying an additional 4,946 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Insider Transactions at Zeta Global

In related news, CEO David Steinberg bought 53,676 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Imran Khan bought 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ZETA. Oppenheimer increased their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Truist Financial reissued a “buy” rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Canaccord Genuity Group increased their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley reduced their target price on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Four research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Trading Up 1.4 %

Shares of ZETA opened at $18.44 on Wednesday. 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 firm has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $23.87. 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 announced its quarterly earnings results 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). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.27) EPS. As a group, equities analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share 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.