Zeta Global Holdings Corp. (NYSE:ZETA) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 219.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 822,157 shares of the company’s stock after purchasing an additional 564,830 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Zeta Global were worth $14,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the third quarter valued at about $26,000. Farther Finance Advisors LLC increased its stake 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 valued at $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd raised its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Zeta Global in the fourth quarter valued at $66,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Performance

ZETA opened at $21.24 on Monday. Zeta Global Holdings Corp. has a 12 month low of $9.35 and a 12 month high of $38.20. The business has a 50-day moving average of $19.68 and a two-hundred day moving average of $23.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its earnings results 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). The company had revenue of $268.30 million during 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%. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZETA has been the subject of several research reports. Royal Bank of Canada cut their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lowered their price target on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Barclays lifted their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Thursday, January 16th. Finally, Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the director now owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This represents a ∞ 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, CFO Christopher E. Greiner purchased 7,975 shares of Zeta Global stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock worth $2,471,244 in the last quarter. 25.54% of the stock is owned by insiders.

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.