94,012 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Bought by FORA Capital LLC

FORA Capital LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 94,012 shares of the company’s stock, valued at approximately $2,804,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZETA. Empowered Funds LLC bought a new stake in shares of Zeta Global in the third quarter worth $5,644,000. Qsemble Capital Management LP acquired a new stake in Zeta Global in the 3rd quarter valued at $1,752,000. Victory Capital Management Inc. lifted its position in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after buying an additional 47,849 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after buying an additional 113,838 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Zeta Global in the 3rd quarter valued at about $1,074,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZETA. Needham & Company LLC upped their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America upped their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm upped their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Craig Hallum upped their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Price Performance

Shares of Zeta Global stock traded down $0.06 on Wednesday, reaching $19.98. 1,517,221 shares of the stock were exchanged, compared to its average volume of 3,445,764. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20. The firm has a market cap of $4.74 billion, a PE ratio of -29.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm’s 50 day moving average is $28.00 and its 200-day moving average is $22.93.

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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The business’s revenue was up 42.0% on a year-over-year basis. As a group, analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Activity

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Steinberg purchased 53,676 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $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 ninety days, insiders bought 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

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.